Updated Interpretation of the National Accounting Board I-8
The following article briefly summarises the key points of the National Accounting Board’s updated interpretation I-8 Social Fund and Similar Funds from Profit.
IFRS EU endorsement process [May 2023]
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 5 April 2023.
As of 23 May 2023, the following IASB pronouncements are awaiting European Commission endorsement for use in the EU:
Amendments
- Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (issued in September 2014)
- Amendments to IFRS 16 Lease Liability in a Sale and Leaseback (issued in September 2022)
- Amendments to IAS 1 Classification of Liabilities as Current or Non-Current and Classification of Liabilities as Current or Non-current — Deferral of Effective Date (issued in January 2020 and July 2020 respectively)
- Amendments to IAS 1 Non-current Liabilities with Covenants (issued in October 2022)
