On 27 May 2025, the amendments to IFRS 7 Financial Instruments and IFRS 9 Financial Instruments: Disclosures titled Amendments to the Classification and Measurement of Financial Instruments were endorsed by t…
IFRS 18 Presentation and Disclosure in Financial Statements becomes effective in 2027 and necessitates a full retrospective approach, meaning that comparative information for 2026 must be prepared. All entiti…
In May 2025, the IFRS Interpretations Committee issued Compilation of Agenda Decisions—Volume 12, which compiles all agenda decisions published by the IFRS Interpretations Committee from November 2024 to April …
On 4 April 2025, the European Securities and Markets Authority (ESMA) published a report on the enforcement and regulatory activities of financial reporting enforcers within the European Union in 2024.
For the accounting period beginning on or after 1 January 2024, amendments to IAS 1 titled Non-current Liabilities with Covenants are effective to clarify how the conditions with which an entity must comply wit…
We bring two interesting final agenda decisions issued by the IFRS Interpretations Committee in 2024. The first concerns the merger between a parent and its subsidiary, and the second concerns the question of w…
The version of the illustrative consolidated financial statements under IFRS Accounting Standards as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech …
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 16 January 2025.…
On 18 December 2024, the International Accounting Standards Board (IASB) issued 'Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7)'. The amendments are effective for annual re…