On 18 October 2011, a Deloitte Dbriefs webcast on global financial reporting was held, entitled IFRS: Important Developments. A ‘Question and Answer’ report has been published containing a summary of audience questions submitted during the live webcast, together with suggested responses. Topics covered in the report include the IASB’s projects on hedge accounting, revenue recognition, offsetting and investment entities, and the IASB’s agenda consultation.