Updated accounting roadmap comparing IFRS Standards and US GAAP
In July 2022, Deloitte published a regularly updated roadmap from the accounting series on US GAAP – related topics, focusing on IFRS to US GAAP comparison.
Amendments to IAS 12 endorsed for use in the EU
On 11 August 2022, the amendments to IAS 12 Income Taxes titled Deferred Tax related to Assets and Liabilities arising from a Single Transaction were endorsed by the European Commission for use in the European …
Amendments to IFRS 17 endorsed for use in the EU
On 8 September 2022, the amendments to IFRS 17 Insurance Contracts titled Initial Application of IFRS 17 and IFRS 9 — Comparative Information were endorsed by the European Commission for use in the European Uni…
Sustainable activity taxonomy and ESG reporting: Key changes in European regulation
European taxonomy of sustainable activities, non-financial reporting obligations and related screening criteria for economic activities – these are some of the key regulations that have a significant impact on …
How to account for returnable containers?
We drew inspiration to write this article from an interesting judgment of the Supreme Administrative Court from April 2022 on accounting for returnable containers and a change in an accounting method.
IFRS EU endorsement process [June 2022]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 2 May 2022.
New extracts from the ESMA database of IFRS decisions
In May 2022, the European Securities and Markets Authority (ESMA) published further extracts from its confidential database of enforcement decisions taken by European national enforcers.
IFRS EU endorsement process [May 2022]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 2 May 2022.
IFRS Foundation publishes the sixth compilation of IFRS Interpretations Committee agenda decisions
The IFRS Foundation has issued, “Compilation of Agenda Decisions — Volume 6” which contains all the agenda decisions made by the IFRS Interpretations Committee from November 2021 to April 2022.