IASB issued new standard IFRS 19
On 9 May 2024, the International Accounting Standards Board (IASB) published its new standard IFRS 19 Subsidiaries without Public Accountability: Disclosures. The new standard will be effective for annual perio…
IASB issued new standard IFRS 18
On 9 April 2024, the International Accounting Standards Board (IASB) published its new standard IFRS 18 Presentation and Disclosures in Financial Statements that will replace IAS 1 Presentation of Financial Sta…
IFRS EU endorsement process [April 2024]
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 17 April 2024.
IFRS EU endorsement process [March 2024]
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 January 2024.…
What lies ahead for IFRS accounting standards
After a long period of relative calm, with six years having passed since the last standard – IFRS 17 Insurance Contracts – was issued, several new IASB developments are on the horizon in both the near and dista…
Extended impact unveiled: IFRS 17 extends beyond insurance companies
IFRS 17 Insurance Contracts is the accounting standard that applies to insurance contracts regardless of the issuer, i.e. IFRS 17 does not apply only to insurance or reinsurance entities. This means that some c…
IFRS EU endorsement process [February 2024]
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 January 2024.…
Illustrative Financial Statements under IFRS Accounting Standards as adopted by the EU for the year ended 31 December 2023
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 …
IFRS EU endorsement process [January 2024]
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 January 2024.…