News

European Commission consults on the draft of the delegate act regarding the first set of sustainability standards (ESRS)

The European Commission consults on the draft of the delegate act regarding the first set of sustainability standards (ESRS). The draft of delegate act is open for comments until 7 July 2023  

Il Collegio dei Fondatori dell’OIC nomina il nuovo CdA

Il Collegio dei Fondatori di OIC, riunitosi ieri a Roma, ha dato seguito alle modifiche statutarie che allineano il governo societario dell’organismo contabile all’allargamento del suo oggetto sociale ai temi della sostenibilità, disposto dalla Legge n.15/2022. In particolare, l’attuale struttura duale, fondata su un Consiglio di Sorveglianza ed un Consiglio di Gestione, è stata sostituita da un unico...

IASB issues the ED International Tax Reform—Pillar Two Model Rules—Proposed Amendments to the IFRS for SMEs Standard

The IASB issues the Exposure Draft International Tax Reform—Pillar Two Model Rules—Proposed Amendments to the IFRS for SMEs Standard to help small-and medium-sized entities (SMEs) respond to international tax reform. The proposed amendments to the income tax section of the Standard would provide the same relief as the amendments to IAS 12 Income Taxes issued in May 2023. The ED is open for comment until 17 July...

IASB publishes the Request for Information Post-implementation Review of IFRS 9 Financial Instruments―Impairment

The IASB launched a call for stakeholders’ feedback on its post-implementation review of the expected credit loss requirements in IFRS 9 Financial Instruments. The Request for Information Post-implementation Review of IFRS 9 Financial Instruments―Impairment is open for comments until 27 September 2023. For further information, please refer to the IFRS Foundation...

OIC comments on EFRAG Preparatory draft endorsement advice on IASB International Tax Reform – Pillar II Model Rules (Amendments to IAS 12)

OIC comments on EFRAG Preparatory draft endorsement advice on IASB International Tax Reform – Pillar II Model Rules (Amendments to IAS 12) are now available. Please find also the letter herewith attached.

IASB issues International Tax Reform—Pillar Two Model Rules (Amendments to IAS 12)

The International Accounting Standards Board (IASB) has issued amendments to IAS 12 Income Taxes. The amendments give companies temporary relief from accounting for deferred taxes arising from the Organisation for Economic Co-operation and Development’s (OECD) international tax reform. Companies can benefit from the temporary exception immediately but are required to provide the disclosures to investors for annual...

OIC comments on IFRS Interpretation Committee Tentative agenda decisions – March 2023

OIC comments on IFRS Interpretation Committee tentative agenda decisions of March 2023 are now available. Please find also the press release herewith attached.

ISSB publishes ED Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates

The International Sustainability Standards Board (ISSB) is seeking feedback on the Exposure Draft Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates. The consultation is open for comments until 9 August 2023. For further information, please refer to the IFRS Foundation...