News

Draft document “Informazioni nella nota integrativa relative a operazioni con parti correlate e accordi fuori bilancio” published for comment

The Executive Board of the OIC has published for comment the draft document “Informazioni nella nota integrativa relative a operazioni con parti correlate e accordi fuori bilancio (articolo 2427 n. 22-bis e n. 23-ter cod. civ.)”. It is an appendix to update the national accounting standard OIC 12. The document is open for comment until 8 January...

Commission Regulations (EC) No 1164/2009 adopting IFRIC 18, No 1165/2009 amending IFRS 4 and lFRS 7, No 1171/2009 amending IFRIC 9 and IAS 39

The following Commission Regulations have been published in the Official Journal of the European Union L314 on 1 December 2009: - Commission Regulation (EC) No 1164/2009 of 27 November 2009, adopting IFRIC Interpretation 18 Transfers of Assets from Customers. The adoption of IFRIC 18 implies, by way of consequence, amendments to IFRS 1; - Commission Regulation (EC) No 1165/2009 of 27 November 2009, amending...

IASB publishes IFRIC 19, Amendments to IFRIC 14 and ED amending IFRS 1

The IASB has published: - Interpretation IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments, that provides guidance on how to account for the extinguishment of a financial liability by the issue of equity instruments. The interpretation is effective for annual periods beginning on or after 1 July 2010 with earlier application permitted; - Amendments to IFRIC 14 Prepayments of a Minimum Funding...

OIC’s comment on ED Improvements to IFRSs 2009 and on ED Rate-Regulated Activities

The OIC’s comment letters, in reply to the EFRAG’s draft comment letters, on: - IASB ED Improvements to IFRSs 2009 - IASB ED Rate-Regulated Activities are now available. The same comments have been sent to the IASB. Please find the comment letters herewith attached. 

Commission Regulation (EC) No 1142/2009 adopts IFRIC 17

The Commission Regulation (EC) No 1142/2009 of 26 November 2009, published in the Official Journal of the European Union L312 on 27 November 2009, adopts IFRIC Interpretation 17 Distribution of Non-cash Assets to Owners. The adoption of IFRIC 17 implies, by way of consequence, amendments to IFRS 5 and IAS 10. Please find the Regulation herewith...

Commission Regulation (EC) No 1136/2009 adopts the restructured IFRS 1

The Commission Regulation (EC) No 1136/2009 of 25 November 2009, published in the Official Journal of the European Union L 311 on 26 November 2009, adopts the restructured IFRS 1. The restructured IFRS 1 replaces the existing IFRS 1 in order to make IFRS 1 easier to use and amend in the future. The restructured IFRS 1 also removes from the standard some outdated transition guidance and contains some minor wording...

ASB publishes “Financial Reporting of Pensions – Feedback and Rediliberations”

The Accounting Standard Board (ASB – UK Standard setter) has published Financial Reporting of Pensions – Feedback and Rediliberations. The report follows the discussion paper “The Financial Reporting of Pensions”, published in January 2008 and it considers the comments received during the public consultation. The project has been developed as part of the Pro-active Accounting Activities in...

OIC’s comment on “IASCF Review of the Constitution”

The OIC’s comments to IASB “Part 2 of the IASCF Review of the Constitution: Proposals for Enhanced Public Accountability” are now available. Please find the document herewith attached.