News

Debt or Equity? – Impact assessment surveys

EFRAG seeks feedback from preparers and users of financial statements to assess the impact of the IASB’s Discussion Paper Financial Instruments with Characteristics of Equity on distinction between debt and equity. The users’ survey will take approximately 30 minutes and the preparers’ survey between 30-45 minutes to complete. You can interrupt it at any time and come back to where you left if...

Debt or Equity? Milan, 7 November: Speakers announced

EFRAG, the OIC and the IASB present the programme for their joint outreach event in Milan on 7 November on the IASB’s DP ‘Financial Instruments with Characteristics of Equity’. ​The joint outreach event will take place on Wednesday, 7 November 2018 from 14:00 to 18:00 hrs at the Sala Convegni Intesa Sanpaolo, Piazza Belgioioso 1, Milan. Speakers include Paolo Gnes, President of the OIC...

Commission Regulation (EU) No 2018/1595 adopts IFRIC 23

The Commission Regulation (EU) No 2018/1595 of 23 October 2018, published in the Official Journal of the European Union L 265 on 24 October 2018, adopts Interpretation IFRIC 23 Uncertainty over Income Tax Treatments. IFRIC 23 specifies how to reflect uncertainty in accounting for income taxes. Each company shall apply the standard, at the latest, as from the commencement date of its first financial year starting on...

IASB issues Definition of a Business (Amendments to IFRS 3)

The IASB has issued narrow-scope amendments to IFRS 3 Business Combinations to improve the definition of a business. The amendments will help companies determine whether an acquisition made is of a business or a group of assets. Companies are required to apply the amended definition of a business to acquisitions that occur on or after 1 January 2020. Earlier application is permitted. For further information please...

Equity or debt? – joint outreach event in Milan

EFRAG and the OIC invite you to a joint outreach event on 7 November on the IASB’s DP “Financial Instruments with Characteristics of Equity” The Organismo Italiano di Contabilità (OIC) and EFRAG invite all interested parties to a public joint outreach event on 7 November 2018. The IASB ® will participate in the event. The event will address the IASB’s Discussion Paper “Financial...

OIC comments on EFRAG DEA on IASB Amendments to References to the Conceptual Framework in IFRS

The OIC comment letter on EFRAG draft endorsement advice on the IASB Amendments to References to the Conceptual Framework in IFRS is now available. Please find the document herewith attached.

OIC comments on IFRS Foundation ED Amending the Terms of Appointment for the IFRS Foundation Trustee Chair and Vice-Chairs

The OIC comment letter on the IFRS Foundation ED Amending the Terms of Appointment for the IFRS Foundation Trustee Chair and Vice-Chairs is now available. Please find the document herewith attached.

OIC pubblica avviso di selezione per Technical manager

L’Organismo Italiano di Contabilità sta cercando un Technical manager da inserire nel suo staff tecnico, che sarà responsabile della gestione di progetti in materia di principi contabili nazionali ed internazionali. Il candidato deve possedere almeno cinque anni di esperienza nell’applicazione di principi contabili internazionali IAS/IFRS e di principi contabili nazionali, maturata svolgendo attività di...