EFRAG published reports on development of EU Sustainability Reporting Standards

EFRAG publisged two reports, prepared in response to the mandates given by the European Commission on 25 June 2020 to EFRAG and to EFRAG Board President Jean-Paul Gauzès. The reports set out recommendations...

IASB issues amendments to IAS 1, IFRS Practice Statement 2 and IAS 8

The IASB issued narrow-scope amendments to IFRS Standards: - Disclosure of Accounting Policies—Amendments to IAS 1 and IFRS Practice Statement 2 - Definition of Accounting Estimates—Amendments to IAS 8 The...

IASB issues ED Covid-19-Related Rent Concessions beyond 30 June 2021 (Proposed amendment to IFRS 16)

The IASB has published for consultation a proposal to extend by one year the application period of the amendment to IFRS 16 Leases issued in 2020 to help lessees accounting for covid-19-related rent...

OIC comments on EFRAG draft endorsement advice on IFRS 17 Insurance Contracts

The OIC comment letter on EFRAG draft endorsement advice on IASB IFRS 17 Insurance Contracts, as amended in June 2020, is now available. Please find the document herewith attached.

IASB issues ED Regulatory Assets and Regulatory Liabilities

The IASB has published proposals for a new accounting standard that would require companies subject to rate regulation to give investors better information about their financial performance. The proposed...
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