News

IASB issues ED Subsidiaries without Public Accountability: Disclosures

IASB has proposed a new IFRS Standard, the ED  Subsidiaries without Public Accountability: Disclosures, that would permit eligible subsidiaries to apply IFRS Standards with a reduced set of disclosure requirements. The proposed Standard would be available to subsidiaries without public accountability—companies that are not financial institutions or listed on a stock exchange—whose parent company prepares...

Outreach event on the IASB DP Business Combinations under Common Control

On 14 June 2021, OIC, EFRAG and IASB organized a joint outreach event on IASB Discussion Paper “Business Combinations under Common Control”. Representatives from OIC, EFRAG, IASB, CONSOB and a panel of experts have participated to the event. Presentations and video recording of the event are now available.   Welcome speech by Angelo Casò (OIC Executive Board Chairman and EFRAG Board...

14 June 2021 – Joint outreach event on the IASB Discussion Paper Business Combination under Common Control

OIC, EFRAG and IASB are very pleased to invite you to the joint outreach event on the IASB Discussion Paper “Business Combination under Common Control” on 14 June 2021. This event will be a public online webinar with representatives from the OIC, EFRAG, IASB, CONSOB and a panel of experts. There is no charge for the participation. The event will be in Italian, except for the IASB and EFRAG presentations...

OIC comments on the IASB Request for Information on the Post Implementation Review of IFRS 10, IFRS 11 and IFRS 12

The OIC comment letter on IASB Request for Information on the Post Implementation Review di IFRS 10, IFRS 11 and IFRS 12 is now available. Please find the document herewith attached.

IASB issues the ED Management Commentary

The IASB has published for public comment the Exposure Draft Management Commentary. The proposed framework represents a major overhaul of IFRS Practice Statement 1 Management Commentary. It builds on innovations in narrative reporting and would enable companies to bring together in one place the information investors need to assess a company’s long-term prospects. The deadline for comments on the ED Management...

OIC proposes amendments to the accounting standards for cooperative companies

OIC proposes amendments to the accounting standards for cooperative companies. The consultation is open for comment until 16 July 2021. Comments can be sent to staffoic@fondazioneoic.it.

OIC comments on EFRAG draft endorsement advice on IASB Definition of Accounting Estimates (Amendments to IAS 8)

The OIC comment letter on EFRAG draft endorsement advice on IASB Definition of Accounting Estimates (Amendments to IAS 8), is now available. Please find the document herewith attached.

OIC comments on EFRAG draft endorsement advice on IASB Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2)

The OIC comment letter on EFRAG draft endorsement advice on IASB Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2), is now available. Please find the document herewith attached.