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”.
IFRS EU Endorsement Process [February 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 1 February 2022.…
IFRS Interpretations Committee agenda decisions
We bring two interesting final agenda decisions issued by IFRS Interpretations Committee in 2021.
Will there be a change in the definition of business activities currently registered under “Production, trade and services not lis…
Production, trade and services not listed in Appendices 1-3 to the Trade Licensing Act. Every one of us has seen an extract from the Commercial Register using this term. However, there is no way to find out fro…