This article provides a high-level overview of the new and revised Standards and Interpretations that are effective for the December 2019 calendar year-end and subsequent accounting periods. Entities are, howev…
On 29 November 2019, Amendments to IAS 1 and IAS 8 Definition of Material were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s effective date (…
On 29 November 2019, Amendments to References to the Conceptual Framework in IFRS Standards were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’…
On 15 January 2019, Amendments to IFRS 9, IAS 39 and IFRS 7 Interest Rate Benchmark Reform were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s…
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 23 January 2020.…
On 23 January 2020, the International Accounting Standards Board (IASB) issued 'Classification of Liabilities as Current or Non-Current (Amendments to IAS 1)' providing a more general approach to the classifica…
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 6 November 2019.…
On 27 October 2019, the European Securities and Markets Authority (ESMA) announced the priority issues that the assessment of listed companies' 2019 financial statements will focus on.