News

Meeting of the Board of Directors – 27 November 2023

The summary of the meeting of the Board of Directors of 27 November 2023 is now available.

IASB issues ED Financial Instruments with Characteristics of Equity – Proposed amendments to IAS 32, IFRS 7 and IAS 1

IASB published for public comment the ED Financial Instruments with Characteristics of Equity–Proposed amendments to IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures, and IAS 1 Presentation of Financial Statements. The proposals in the ED include clarification of the underlying classification principles of IAS 32 to help companies distinguish between financial liabilities and...

OIC comments on EFRAG DP Accounting for Variable Consideration from a purchaser’s perspective

OIC comments on EFRAG Discussion Paper Accounting for Variable Consideration from a purchaser’s perspective is now available. Please find the letter herewith attached.

OIC comments on EFRAG draft comment letter on IASB ED Annual Improvements – Volume 11

OIC comments on EFRAG draft comment letter on IASB ED Annual Improvements – Volume 11 is now available. Please find the letter herewith attached.

OIC pubblica in consultazione la bozza di risposta ad un quesito in merito all’OIC 34 Ricavi

L’OIC ha ricevuto e discusso una richiesta di chiarimento in merito alla possibilità di applicare le disposizioni dell’OIC 34 per distinguere se una società agisce per conto proprio o per conto di terzi prima dell’adozione dell’intero OIC 34 che avverrà a partire dal 2024. Si chiede cortesemente di inviare eventuali osservazioni sulla bozza di risposta al quesito entro l’11 dicembre 2023 al seguente...

Commission Regulation (EU) No 2023/2579 of 20 November 2023 adopts amendments to IFRS 16

The Commission Regulation (EU) No 2023/2579 of 20 November 2023, published in the Official Journal of the European Union L series on 21 November 2023, adopts amendments to IFRS 16 Leases. The amendments to IFRS 16 specify how the seller-lessee subsequently measures sale and leaseback transactions. Each company shall apply the amendments, at the latest, as from the commencement date of its first financial year...

Commission Regulation (EU) No 2023/2468 of 8 November 2023, published in the Official Journal of the European Union L series on 9 November 2023, adopts amendments to IAS 12 Income Taxes

The Commission Regulation (EU) No 2023/2468 of 8 November 2023, published in the Official Journal of the European Union L series on 9 November 2023, adopts amendments to IAS 12 Income Taxes. The amendments introduced a temporary exception from accounting for deferred taxes arising from the implementation of the OECD’s Pillar Two model rules, as well as targeted disclosures for affected entities. Each company shall...

EFRAG roundtable discussions on the proactive research project Statement of Cash Flows

EFRAG’s organised roundtable discussions on the proactive research project Statement of Cash Flows. There are 3 different types of roundtables, focusing on different stakeholder groups: • Financial Institutions and its auditors – 17 November, from 13.30 to 16.00 (CET) – EFRAG News item. • Corporates and its auditors – 27 November and 4 December 09.30 to 12.00 (CET) – EFRAG News...