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  • Pre-meeting summaries for the February IASB meeting
    will meet at its offices in London on 16 17 February 2016 We have posted our pre meeting summaries for the meeting that allow you to follow the IASB s decision making more closely For each topic to be discussed we summarise the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations Check out the summaries for the forth com ing dis cus sions on insurance contracts goodwill and impairment IFRS implementation issues and financial instruments with characteristics of equity We have added them to our meeting note page and will sup ple ment them with our popular meeting notes after the meeting Related Topics Resources International Accounting Standards Board IASB Related news 2016 IFRS Red Book coming in March 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 February 2016 IASB meeting agenda posted 05 Feb 2016 IASB website available again 03 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 Deloitte comment letter on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 IFRS industry insights Telecommunications sector Implications of the new leasing standard 21 Jan 2016 All Related Related Discussions Insurance contracts 20 May 2015 Rate regulated activities 24 Jul 2014 Investor outreach strategy 25

    Original URL path: http://www.iasplus.com/en/news/2016/02/pre-meeting-feb-iasb-meeting (2016-02-10)
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  • 2016 IFRS 'Red Book' coming in March
    2016 The International Accounting Standards Board IASB has announced that the 2016 edition of the Bound Volume of International Financial Reporting Standards the Red Book is expected to be available in March The Red Book contains all official pronouncements that have an effective date after 1 January 2016 Accordingly the 2016 edition includes the following changes made since 1 January 2015 IFRS 16 Leases as well as amendments to IFRS 15 effective date and IFRS 10 IAS 28 effective date of amendments Copies will be priced at 72 each before discounts plus shipping More information is available on the IASB s register my interest webpage link to IASB website Related Topics Resources IASB finalised pronouncements International Accounting Standards Board IASB Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 February 2016 IASB meeting agenda posted 05 Feb 2016 IASB website available again 03 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 EFRAG endorsement status report 29 January 2016 01 Feb 2016 Deloitte comment letter on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 All Related Related Discussions Insurance contracts 20 May 2015 Rate regulated activities 24 Jul 2014 Investor outreach strategy 25 Feb 2014 IASB activities update 24 Feb 2014 All

    Original URL path: http://www.iasplus.com/en/news/2016/02/2015-red-book (2016-02-10)
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  • Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard
    one of the two approaches preferable Can one or the other be dropped altogether How can predominance best be determined for the deferral approach What is the appropriate level for assessing predominance On the first question the vast majority of respondents state that both approaches are needed They claim that both the overlay approach and the temporary exemption from applying IFRS 9 are needed as these address different issues depending on the type of business activities and group structures On the ends of the spectrum are the insurance industry on the one side and user organisations on the other side The insurance industry is asking for a deferral of IFRS 9 until the insurance standard is completed they mostly cite cost reasons Some user groups are asking for the overlay approach only some very few even argue that it is best to do nothing these respondents mainly cite lack of comparability if multiple options exist One level down it is especially the deferral approach that triggers suggestions for refinement While most respondents agree that assessing predominance is the right approach the IASB s proposal to assess predominance at the reporting entity level causes confusion Most respondents seem to believe that the IASB sees the group level as the reporting entity level Others believe that reporting entity level is an empty phrase that could also mean lower levels than the group level The question of how to treat conglomerates is important in both cases Therefore respondents assuming that the IASB intends testing at the group level often argue that a testing below the reporting entity level is needed respondents assuming an assessment at a lower level often wonder of the implications for the group The two possibilities that seem to emerge are Assessment is at the group level and results are cascaded down this would leave pure insurance companies that are subsidiaries of conglomerates without the option of deferral while companies that are not subsidiaries of conglomerates would have the option Assessment is at a lower level than the group level however there is the question of roll up this could either mean that groups need to consolidate IFRS 9 and IAS 39 numbers or that qualifying subsidiaries would need to keep two sets of books an IAS 39 one for reporting to their users and an IFRS 9 one for reporting within the group Expectations are currently as communicated at the October 2015 IASB meeting that the IASB will begin re deliberation of the exposure draft in the second quarter of 2016 Final amendments are expected in the third quarter of 2016 Related Topics Resources IASB exposure drafts International Accounting Standards Board IASB Projects Different effective dates of IFRS 9 and the new insurance contracts standard Insurance contracts Comprehensive project Standards IFRS 4 Insurance Contracts IFRS 9 Financial Instruments IAS 39 Financial Instruments Recognition and Measurement Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 2016 IFRS Red Book coming in March 09 Feb 2016 We

    Original URL path: http://www.iasplus.com/en/news/2016/02/reactions-to-ed-2015-11 (2016-02-10)
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  • We comment on the IASB’s proposed amendments to IFRS 4
    determine when that option should be available However we have concerns over the methodology for measuring that criterion and also disagree that it should be assessed only at the reporting entity level The proposed expiry date for the deferral approach is appropriate but recommend that the IASB conclude its deliberations on the new insurance contracts standard taking into account the inputs received from comment letters and outreach activities so that the effective date of the new standard is within this timescale In addition we do not believe that a clearly defined insurance business should be excluded from the deferral approach only because it is part of a larger group and recommend the predominance test be permitted at the reporting entity level or each level below the parent entity waterfall approach Further we provided some suggestions on how the predominance test could be modified to ensure that the temporary deferral can be applied by an appropriate population of entities Please click to access the full comment letter Related Topics Resources IASB exposure drafts International Accounting Standards Board IASB Projects Different effective dates of IFRS 9 and the new insurance contracts standard Insurance contracts Comprehensive project Standards IAS 39 Financial Instruments Recognition and Measurement IFRS 4 Insurance Contracts IFRS 9 Financial Instruments Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 2016 IFRS Red Book coming in March 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 February 2016 IASB meeting agenda posted 05 Feb 2016 EU endorsement of IFRS 9 now expected in the second half of 2016 04 Feb 2016 All Related Related

    Original URL path: http://www.iasplus.com/en/news/2016/02/dcl-2015-11 (2016-02-10)
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  • FASB adds four projects to research agenda
    new financial reporting issues in its upcoming agenda discussion paper expected in the first half of 2016 The issues to be added are Pensions and other postretirement employee benefit plans Intangible assets Distinguishing liabilities from equity and Financial performance reporting With the exception of intangible assets which the IASB currently does not address in a research project the issues to be added correspond to a large part with the issues respondents to the IASB s agenda consultation which had asked repondents to rank the IASB s research projects as high medium or low priorities ranked as high importance A full analysis of the 118 responses on the IASB website is not available yet however especially pensions and other postretirement employee benefit plans and distinguishing liabilities from equity rank high among the research projects currently on the IASB s agenda Please click for the following information on the FASB website tentative Board decisions of 3 February 2016 From the Chairman s Desk explaining the results of the survey more closely Related Topics Resources Financial Accounting Standards Board FASB Projects Agenda consultation 2015 Financial instruments with characteristics of equity Post employment benefits Comprehensive project Related news FASB constituents of the TRG will continue to meet 02 Feb 2016 Summary of the December 2015 ASAF meeting now available 22 Jan 2016 IASB updates work plan 22 Jan 2016 FASB and ASBJ hold biannual meeting 15 Jan 2016 FASB issues final standard on classification and measurement of financial instruments 05 Jan 2016 We comment on the IASB agenda consultation 04 Jan 2016 All Related Related Publications Heads Up FASB proposes guidance on cash flow classification 04 Feb 2016 Heads Up FASB proposes guidance on presentation of net periodic benefit cost and disclosures related to defined benefit plans 28 Jan 2016 Consolidation FASB tentatively decides

    Original URL path: http://www.iasplus.com/en/news/2016/02/fasb-research-agenda (2016-02-10)
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  • FEE briefing paper on the endorsement of IFRS 9
    hearing took place on 1 December 2015 and featured an introduction by the ECON Chair Roberto Gualtieri followed by short presentations by four invited experts The presentations were followed by a joint discussion with ECON members The second hearing took place on 11 January 2016 IASB Chairman Hans Hoogervorst gave a short presentation of the current work of the IASB Afterwards he and Michel Prada Chairman of the IFRS Foundation Trustees answered questions of the ECON members The FEE paper summarising the statements and providing addition anwers can be downloaded from their website Related Topics Resources IFRSs in Europe Events of 2015 IFRSs in Europe Events of 2016 International Accounting Standards Board IASB Projects Different effective dates of IFRS 9 and the new insurance contracts standard Standards IFRS 9 Financial Instruments Other Federation of European Accountants FEE Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 2016 IFRS Red Book coming in March 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 February 2016 IASB meeting agenda posted 05 Feb 2016 EU endorsement of IFRS 9 now expected in the second half of 2016 04 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 EFRAG endorsement status report 3 February 2016 04 Feb 2016 Insurance webcast 55 The proposed solution to the de coupling of IFRS 9 and IFRS 4 Phase II 03 Feb 2016 IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 All

    Original URL path: http://www.iasplus.com/en/news/2016/02/fee-ifrs-9 (2016-02-10)
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  • Interview with IPSASB Chair
    Forgot password Welcome My account Logout IAS Plus Global English Global English Global Deutsch Canada English Canada Français United Kingdom English United States English Toggle navigation Search site Toggle navigation Home News Publications Meetings Standards Projects Jurisdictions Resources My IAS Plus Topics Communications Toggle navigation Search site Navigation News 2016 January February 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Info Interview with IPSASB Chair 08 Feb 2016 The International Public Sector Accounting Standards Board IPSASB has released an interview with Ian Carruthers who took office as new IPSASB Chair on 1 January 2016 In the interview Mr Carruthers talks about the IPSASB and the importance of International Public Sector Accounting Standards IPSAS for transparency and accountability in public sector financial management Please click to access the recording on the IPSASB website Related Topics Resources International Public Sector Accounting Standards Board IPSASB Related news IPSASB proposes revisions to the cash basis IPSAS 04 Feb 2016 IPSASB publishes proposed guidance on public sector combinations 29 Jan 2016 IPSASB publishes proposed changes to IPSAS 25 Employee Benefits 14 Jan 2016 Recent EPSAS developments 11 Jan 2016 IPSASB publishes 2015 Handbook of pronouncements 14 Dec 2015 IPSASB establishes advisory body 09 Dec 2015 All Related Related Publications IPSAS in your pocket 2015 edition 30 Sep 2015 Accounting Roundup January 2015 03 Feb 2015 Deloitte comment letter on the IPSASB strategy consultation 31 Jul 2014 Deloitte comment letter on the future governance of the International Public Sector Accounting Standards Board 30 Apr 2014 All Related Related Discussions IPSASB governance review 24 Feb 2014 Executive Commitee 14 Jul 2011 All Related Contact us About Legal Privacy FAQs Material on this website is 2015 Deloitte Global Services Limited or a member firm of Deloitte Touche Tohmatsu Limited or

    Original URL path: http://www.iasplus.com/en/news/2016/02/interview-with-ipsasb-chair (2016-02-10)
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  • February 2016 IASB meeting agenda posted
    posted the agenda for its next meeting which will be held at its offices in London on 16 17 February 2016 The meeting will feature discussions on Insurance contracts whether to grant permission to begin the balloting process or whether it considers that it needs to re expose the new insurance contracts Standard Goodwill and impairment IFRS implementation issues IFRIC Update Financial instruments with characteristics of equity current and next steps The full agenda for the meeting can be found here We will post any updates to the agenda as well as our Deloitte pre meet ing summaries and observer notes from the meeting on this page as they become available Related Topics Resources International Accounting Standards Board IASB Related news Pre meeting summaries for the February IASB meeting 09 Feb 2016 2016 IFRS Red Book coming in March 09 Feb 2016 Reactions to the proposed amendments intended to address concerns about the different effective dates of IFRS 9 and the forthcoming new insurance contracts standard 08 Feb 2016 We comment on the IASB s proposed amendments to IFRS 4 08 Feb 2016 FEE briefing paper on the endorsement of IFRS 9 08 Feb 2016 IASB website available again 03 Feb 2016 All Related Related Publications Deloitte comment letter on proposed amendments to IFRS 4 08 Feb 2016 IFRS in Focus IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities 01 Feb 2016 Deloitte comment letter on the IASB s annual improvements to IFRSs 2014 2016 cycle ED 27 Jan 2016 IFRS industry insights Telecommunications sector Implications of the new leasing standard 21 Jan 2016 All Related Related Discussions Insurance contracts 20 May 2015 Rate regulated activities 24 Jul 2014 Investor outreach strategy 25 Feb 2014 IASB activities update

    Original URL path: http://www.iasplus.com/en/news/2016/02/iasb-agenda (2016-02-10)
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