New Interpretation of the National Accounting Board I-47
The following article briefly summarises the main points of the new interpretation of the National Accounting Board I-47 Received Prepayments Denominated in Foreign Currencies.
IFRS EU Endorsement Process [April 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 25 March 2022.
ESMA publishes a report on the activities of accounting enforcers and their findings within the EU in 2021
On 31 March 2022, the European Securities and Markets Authority (ESMA) published a report on the enforcement and regulatory activities of accounting enforcers within the European Union in 2021.
IFRS EU Endorsement Process [March 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 3 March 2022.
The interpretation of the National Accounting Board gained the acknowledgement of the Supreme Administrative Court once again
In mid-February, just when most companies are in the process of preparing their financial statements, the Supreme Administrative Court came to a conclusion in an accounting and tax dispute regarding the transla…
Amendments to IAS 8 endorsed for use in the EU
On 2 March 2022, the amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates titled Definition of Accounting Estimates were endorsed by the European Commission for use in the European Union. Th…
Financial reporting considerations related to the war in terms of US GAAP
On 14 March 2022, Deloitte published Financial Reporting Alert 22-1 related to the impacts of the current war between Ukraine and Russia. The alert elaborates relevant accounting and reporting implications to b…
Amendments to IAS 1 endorsed for use in the EU
On 2 March 2022, the amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements titled Disclosure of Accounting Policies were endorsed by the European C…
Financial reporting considerations related to the war
On 17 March 2022, Deloitte’s Global Office issued a 26 pages publication titled “IFRS in Focus – Financial Reporting Considerations Related to the Russia-Ukraine War”.