On 12 February 2021, the International Accounting Standards Board (IASB) published Amendments to IAS 8 Definition of Accounting Estimates to help entities to distinguish between accounting policies and accounti…
On 12 February 2021, the International Accounting Standards Board (IASB) issued amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements titled Disclo…
On 13 January 2021, the IFRS Foundation issued educational material, 'Going concern — a focus on disclosure', which intends to support companies in its implementation of the requirements related to the preparat…
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 12 February 2021…
On 28 January 2021, the International Accounting Standards Board (IASB) published the exposure draft of a new standard 'Regulatory Assets and Regulatory Liabilities' that is intended to replace IFRS 14 'Regulat…
The version of the model consolidated financial statements under IFRSs as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech and English.
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 14 January 2021.…
On 13 January 2021, Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 were endorsed by the European Commission for use in the European Union. The EU effective dat…
This article provides a high-level overview of the new and revised Standards and Interpretations that are effective for the December 2020 calendar year-end and subsequent accounting periods.