IFRS News
IFRS News offers a summary of the more significant developments in International Financial Reporting Standards (IFRS) along with insights into topical issues and comments and views from the Grant Thornton International IFRS team.
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07/2010 IFRS Quarterly Update
Our third edition of 2010 leads with the announcement by the IASB that it will modify its convergence strategy in response to concern over the large number of major proposals previously scheduled for exposure in the second quarter of 2010. Despite the modification in strategy, the level of planned changes remains high. A special 'Convergence Update' edition of IFRS News, which sets out details of the projects planned and their commercial significance, is available separately.
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04/2010 IFRS Quarterly Update
Our second edition of 2010 looks ahead to some of the new Standards that will affect companies when preparing their financial statements for the year ending 30 June, and the challenges that those Standards will bring. It then goes on to report on some recent developments around the world, as more and more countries move towards the adoption of IFRS.
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01/2010 IFRS Quarterly Update
Our first edition of 2010 considers some immediate challenges that will be faced by companies preparing their financial statements for the year ended 31 December 2009. It then goes on to look at the publication of IFRS 9 and the continuing development of the IASB's project to replace IAS 39, as well as other new pronouncements. We then turn our attention to IFRSrelated news at Grant Thornton, as well as a more general round up of activities affecting the IASB. We end with an overview of the proposals that the IASB currently has out for comment and the implementation dates of newer Standards that are not yet mandatory.
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10/2009 IFRS Quarterly Update
Our final edition of 2009 leads with an article on the major new Standards that will affect December 2009 year ends. We go on to consider the changes the IASB has made to its Standards in the last quarter together with some changes that are in the IASB's 'pipeline'. We then look at some of the guides that Grant Thornton International has made available in the last quarter and end with a summary of the proposals that the IASB currently has out for comment.
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07/2009 IFRS Quarterly Update
Our third edition of 2009 leads with the publication of the IFRS for Small and Medium-sized Entities (SMEs). It then looks at the IASB's plans to develop a replacement for IAS 39, its current standard dealing with the recognition and measurement of financial instruments. We then go on to consider changes made to Standards in the last quarter as a result of the crisis as well as some more general developments that have taken place. We end with a round-up of the proposals that the IASB currently has out for comment and the implementation dates of newer Standards that are about to come into effect.
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04/2009 IFRS Quarterly Update
Our second edition of the year is dominated by repercussions from the credit crisis.We start with an article looking at the calls for changes to the way loan loss provisions are determined in companies financial statements - including so-called "dynamic provisioning". We also consider the effects the credit crisis may have on the adoption of IFRS in the United States. We then go on to consider changes made to Standards in the last quarter as a result of the crisis as well as some more general developments that have taken place.We end with a round up of the proposals that the IASB currently has out for comment and the implementation dates of newer Standards that are about to come into effect.
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01/2009 0.
Our first edition of the year concentrates on the effects of the credit crisis on financial reporting - both for the IASB and companies applying IFRSs. We look at the IASB's amendment allowing the reclassification of financial instruments in certain circumstances and the various other elements of the IASB's response to the credit crisis, the more general changes and developments that have taken place in the last quarter and we end with a round up of the proposals that the IASB currently has out for comment and the implementation dates of Standards that are about to come into effect.
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