News

Commission Regulation (EU) No 2020/1434 of 9 October 2020

The Commission Regulation (EU) No 2020/1434 of 9 October 2020, published in the Official Journal of the European Union L 331 on 12 October 2020, adopts Covid-19-Related Rent Concessions (Amendmentsto IFRS 16) in order to provide optional, temporary COVID-19 related operational relief for lessees benefitting from lease payments holidays. Each company shall apply the amendments referred to in Article 1, at the...

OIC comments on EFRAG draft comment letter on IASB ED General Presentation and Disclosures

The OIC comment letter on EFRAG draft comment letter on IASB ED General Presentation and Disclosures is now available. The same comments have been sent to the IASB. Please find the document herewith attached.

Reminder: Survey per post-implementation review OIC 32

Il principio contabile OIC 32 “Strumenti finanziari derivati” (OIC 32) è stato emesso nel 2016 ed è applicabile a partire dal 1° gennaio 2016. Nel 2017 e nel 2018 il principio è stato oggetto di alcuni emendamenti per tenere conto delle segnalazioni applicative ricevute dagli operatori. Tenuto conto della complessità intrinseca dei profili connessi al trattamento contabile degli strumenti finanziari...

IFRS Foundation Trustees publish a Consultation Paper on Sustainability Reporting

The Trustees of the IFRS Foundation have published a Consultation Paper to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards. The consultation is open for comment until 31 December...

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...

OIC comments on EFRAG draft endorsement advice on IASB Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)

The OIC comment letter on EFRAG draft endorsement advice on IASB Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) is now available. Please find the document herewith attached.

IASB issues Interest Rate Benchmark Reform—Phase 2

The IASB has issued amendments to IFRS Standards to assist companies in providing useful information to investors about the effects of interest rate benchmark reform on financial statements. The document “Interest Rate Benchmark Reform—Phase 2″ amends the following Standards: - IFRS 9 Financial Instruments; - IAS 39 Financial Instruments: Recognition and Measurement; - IFRS 7 Financial Instruments:...

IFRS Foundation publishes revised Due Process Handbook

The Trustees of the IFRS Foundation have published the revised Due Process Handbook. The main changes are: - clarifying the authority of agenda decisions published by the Interpretations Committee and their role in supporting consistent application of IFRS Standards, and enhancing the related due process by formally involving the Board in their finalisation; and - reflecting recent developments in the Board’s...