29 September 2023
IASB has published International Tax Reform—Pillar Two Model Rules—Amendments to the IFRS for SMEs Standard.
The amendments to the IFRS for SMEs Accounting Standard are based on the amendments to IAS 12 Income Taxes issued in May 2023. These amendments have resulted from the introduction of the Organisation for Economic Co-operation and Development’s (OECD) Pillar Two model rules.
Companies can benefit from...
26 September 2023
The Commission Regulation (EU) No 2023/1083 of 13 August 2023, published in the Official Journal of the European Union L 237, adopts certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council.
Commission Regulation (EC) No 1126/2008 has adopted international accounting standards and related interpretations issued or adopted by the IASB...
26 September 2023
The OIC has today published proposed amendments to National Accounting Standards.
The comment deadline is 8 November 2023.
Please find the document herewith attached.
25 September 2023
The summary of the meeting of the Board of Directors of 21 September 2023 is now available.
22 September 2023
OIC comments on EFRAG draft comment letter on ISSB Request for Information on Agenda Priorities are now available.
Please find also the letter herewith attached.
22 September 2023
OIC comments on EFRAG draft comment letter on IASB Request for information Post-implementation review IFRS 9 Financial Instruments – Impairment now available.
Please find also the letter herewith attached.
12 September 2023
The IASB has published the Exposure Draft Annual Improvements to IFRS Accounting Standards—Volume 11.
The proposed amendments include clarifications, simplifications, corrections or changes to improve consistency in IFRS 1 First-time Adoption of International Financial Reporting Standards; IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; IFRS 9 Financial Instruments;...
21 August 2023
IASB has published the document Lack of Exchangeability (Amendments to IAS 21).
These amendments will require companies to apply a consistent approach in assessing whether a currency can be exchanged into another currency and, when it cannot, in determining the exchange rate to use and the disclosures to provide.
The amendments will become effective for annual reporting periods beginning on or after 1 January 2025....