The IASB has released an updated work plan, dated 13 March 2012, incorporating the impacts of recently issued pronouncements and outlining revised ‘current best estimates’ for its various projects. The expected timing of deliverables on a number of pr…
The IASB and European Financial Reporting Advisory Group (EFRAG) have issued a press release on their joint meeting held on 9 March 2012 to discuss the status of ongoing projects and other topics.
Deloitte’s IFRS Global Office has submitted a letter of comment to the International Accounting Standards Board (IASB) on its Exposure Draft ED/2011/6 – Revenue from Contracts with Customers.
The IASB has issued Government Loans (Amendments to IFRS 1). This amendment addresses how a first-time adopter would account for a government loan with a below-market rate of interest when transitioning to IFRSs.