International Accounting Standards Board

Type: Organization
Name: International Accounting Standards Board
First reported 21 hours ago - Updated 3 mins ago - 2 reports

IFRS Newsletter: Banking - issue 14, Q2 2014

The IASB has issued a discussion paper on a new approach for macro hedging and the new standard of revenue recognition .The new general hedging model under IFRS 9 : We discuss new possibilities, challenges and judgments from a practitioner's perspect ... [Published KPMG Canada - 3 mins ago]
First reported 12 hours ago - Updated 12 hours ago - 1 reports

Cielo - 17.9% Increase in Financial Volume and Net Income of R$797 Million in 2Q14

/PRNewswire/ -- Cielo S.A. (BM&FBOVESPA: CIEL3 / OTCQX:CIOXY) announces today its results for the second quarter of 2014. The Company's consolidated financial statements are presented in accordance with the International Financial Reporting Standards ... [Published Nasdaq - 12 hours ago]
First reported 14 hours ago - Updated 14 hours ago - 1 reports

July 2014 IASB meeting notes — Part 2

The IASB's meeting was held on 22–24 July 2014, some of it a joint meeting with the FASB. We have posted Deloitte observer notes from Wednesday's joint session on leases and the IASB only session on IFRS Interpretation Committee issues, as well as Thursday's ... [Published IAS Plus - 14 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Live web update on IFRS 9 Financial Instruments

IASB members and staff will give a live web presentation on IFRS 9 Financial Instruments including a question and answer session.For the convenience of those in different time zones, the presentation will be held twice—once in the morning and once in ... [Published IFRS Foundation - 22 hours ago]
First reported Jul 28 2014 - Updated Jul 29 2014 - 2 reports

New IFRS Standard to Significantly Change Insurers’ Financial Reports: A.M. Best

“The emerging international accounting standard for insurance contracts will change the data that form one part of the material used by A.M. Best in the insurance sector,” the rating agency said in a Special Report.“The standard, known as Phase 2 of the ... [Published Insurance Journal - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 29 2014 - 2 reports

IFRS 9 ready now with final piece in place

Banks and insurers expected to be most affected by new international standard in financial instrument accounting[Singapore] THE fourth and final piece of a financial reporting standard - six years in the making - has finally been put in place, and seeks ... [Published Singapore Law Watch - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

EFRAG final comment letter on disclosure initiative

The European Financial Reporting Advisory Group (EFRAG) has issued its final comment letter on the IASB’s Exposure Draft ED/2014/01 ‘Disclosure Initiative (Amendments to IAS 1)’ that was issued on 25 March 2014.The amendments result from the IASB’s ‘Disclosure ... [Published IAS Plus - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

New French and Spanish translations available online

The IFRS Foundation is pleased to announce the publication of the following translations:French translation of Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41), issued by the IASB in English in June 2014. The file corresponds to the text used ... [Published IFRS Foundation - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 2 reports

KPMG says big changes are ahead for banks’ accounts following new standard on bad debts

28 July 2014KPMG has commented following the International Accounting Standards Board’s (IASB’s) issuance of the fourth and final version of its new standard on financial instruments accounting — IFRS 9 Financial Instruments . This completes a project ... [Published The Lawyer - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Big changes ahead for banks' accounts as new standard on bad debts completes response to the financial crisis, says KPMG

Release date- 25072014 - The IASB has today issued the fourth and final version of its new standard on financial instruments accounting - IFRS 9 Financial Instruments.... ... [Published TVNewsCheck - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Accounting standard offers relief for insurers

Australian insurers’ conservative approach when making provisions for bad debt means they have dodged the worst of a new international standard on financial reporting.The standard on financial instruments, released by the London-based International Accounting ... [Published InsuranceNews.com.au - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 3 reports

IASB moves from incurred to expected loss model

The International Accounting Standards Board (IASB) reached a milestone by publishing new accounting requirements for loan loss provisioning, moving from an 'incurred loss' to a more forward-looking, 'expected loss' model.... ... [Published TVNewsCheck - Jul 27 2014]

Quotes

KPMG's Mr Ong points out: "Estimating impairment is an art, rather than a science. It involves difficult judgements about whether loans will be paid as due - and, if not, how much will be recovered and when . . . Preparers will have to make new judgements, auditors will have to review them, and users of financial statements, including prudential and securities regulators, will have to understand them."
"The overall effect cannot be assessed until the insurance standard is finalised over the next 12 months," he said. "But a significant change in financial reporting for most insurers should be expected."
The UK's FRC welcomed the improvements: "The FRC is pleased that an improved standard has now been issued and will be working to influence its swift endorsement in Europe."
"Increasing the accounting provisions will reduce regulatory capital," said Iain Coke, head of ICAEW's Financial Services Faculty. "Banks will need to consider the impact of the new standard on their regulatory capital, taking into account the results of regulators' stress-testing and asset quality review exercises."

More Content

All (389) | News (324) | Reports (0) | Blogs (54) | Audio/Video (0) | Fact Sheets (2) | Press Releases (7)
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IFRS Newsletter: Banking - issue 14, Q2 2014 [Published KPMG Canada - 3 mins ago]
MEG Energy Reports Fifth Consecutive Quarter of... [Published Scottrade - 2 hours ago]
Cielo - 17.9% Increase in Financial Volume and ... [Published Nasdaq - 12 hours ago]
July 2014 IASB meeting notes — Part 2 [Published IAS Plus - 14 hours ago]
IFRS Newsletter: Insurance - issue 42, July 2014 [Published KPMG - 21 hours ago]
Live web update on IFRS 9 Financial Instruments [Published IFRS Foundation - 22 hours ago]
New IFRS Standard to Significantly Change Insur... [Published Insurance Journal - Jul 29 2014]
Calfrac Announces Second Quarter Results [Published Canada NewsWire - Jul 29 2014]
IFRS 9 ready now with final piece in place [Published Singapore Law Watch - Jul 29 2014]
EFRAG final comment letter on disclosure initia... [Published IAS Plus - Jul 28 2014]
New French and Spanish translations available o... [Published IFRS Foundation - Jul 28 2014]
Major summits point to clearer direction for gl... [Published Integrated Reporting - Jul 28 2014]
New accounting standard governing banks’ loss r... [Published Out-Law.com - Jul 28 2014]
A.M. Best Special Report: New IFRS Standard to ... [Published Business Wire Professional Services News - Jul 28 2014]
KPMG says big changes are ahead for banks’ acco... [Published The Lawyer - Jul 28 2014]
Big changes ahead for banks' accounts as new st... [Published TVNewsCheck - Jul 28 2014]
Accounting standard offers relief for insurers [Published InsuranceNews.com.au - Jul 28 2014]
New accounting rules to have big impact [Published Bangkok Post - Jul 28 2014]
IASB moves from incurred to expected loss model [Published TVNewsCheck - Jul 27 2014]
Accounting milestone: IASB moves from incurred ... [Published Mid East Information - Jul 27 2014]
IASB moves from incurred to expected loss model [Published CPI Financial - Jul 27 2014]
Pound Sterling to Dollar PREDICTIONS: Could GBP... [Published AdBanks.net - Jul 26 2014]
Principal versus agent – the ‘dark horse’ in th... [Published PriceWaterhouseCoopers United Kingdom - Jul 26 2014]
Highlights from the FASB’s July 23 meeting [Published IAS Plus - Jul 26 2014]
NEW IFRS 9 OUT NOW! [Published PQ Magazine - Jul 25 2014]
Insurance Modernization: The broad business impact [Published PriceWaterhouseCoopers Canada - Jul 25 2014]
What's new on CFOdirect - Week of July 24, 2014 [Published PWC Health Research Institute - Jul 25 2014]
In brief: IASB issues IFRS 9 - Financial instru... [Published PWC Health Research Institute - Jul 25 2014]
Investor Perspective: IFRS 9: A Complete Packag... [Published IFRS Foundation - Jul 25 2014]
Banks take a forward view of losses under new I... [Published Accountancy Age - Jul 25 2014]
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Blogs

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A.M. Best Special Report: New IFRS Standard to ... [Published Business Wire Professional Services News - Jul 28 2014]
LONDON--(BUSINESS WIRE)--The emerging international accounting standard for insurance contracts will change the data that form one part of the material used by A.M. Best in the insurance sector, according to a new Best’s Special Report. The standard, ...
Pound Sterling to Dollar PREDICTIONS: Could GBP... [Published AdBanks.net - Jul 26 2014]
25 Jul 2014 at 11 AM – Written by John Cameron STORY LINK Pound Sterling to Dollar PREDICTIONS: Could GBP USD Exchange Rate Tumble To 1.5 Level? Currency Exchange News UK: Thursday’s session saw the Pound to Dollar edge back down into ...
Pound to Dollar SPECIAL: Could GBP USD Exchange... [Published AdBanks.net - Jul 25 2014]
25 Jul 2014 at 11 AM – Written by John Cameron STORY LINK Pound to Dollar SPECIAL: Could GBP USD Exchange Rate Tumble To 1.5000 Level? Yesterday’s session saw the Pound to Dollar exchange rate edge back down into the 1.6000s for the ...
Frontrunning: July 25 [Published Zero Hedge - Jul 25 2014]
Argentine holdout NML says government "choosing" to default ( Reuters ) Crunch time for Gaza truce talks as death toll passes 800 ( Reuters ) Don’t Tell Anybody About This Story on HFT Power Jump Trading ( BBG ) U.S. Accuses Russia of Shelling Eastern ...
Grupo Aeroportuario del Pacifico, S.A.B. de C.V... [Published EON Transportation - Jul 24 2014]
GUADALAJARA, Jalisco, Mexico--(EON: Enhanced Online News)--Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP) (“the Company” or “GAP”) reported its consolidated results for the second quarter ended June 30, 2014. Figures are unaudited ...
1 2 3 4 5 6 7 8 9 10 ...

Press Releases

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Bloomberg BNA Releases In-Depth Analysis of New... [Published Financial Services - Jun 05 2014]
KPMG: New IASB/FASB Joint Revenue Recognition S... [Published GlobeNewswire: Acquisitions News - May 29 2014]
Prabhakar Kalavacherla Rejoins KPMG Following F... [Published Financial Services - Feb 25 2014]
FASB Decision is a "Major Victory" for U.S. Ins... [Published Financial Services - Feb 19 2014]
Leon's Furniture Limited - 2013 Third Quarter [Published PR Newswire - Nov 14 2013]
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