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: FASB issues principal/agent Update; Online Published Date : 05 April 2016 | Appeared in issue: 19.3 - 05 April 2016; ..

: Insurance enters the final phase; Online Published Date : 05 April 2016 | Appeared in issue: 19.3 - 05 April 2016; ..

: Japan proposes amendments to IFRS 9 in its modified standards; Online Published Date : 05 April 2016 | Appeared in issue: 19.3 - 05 April 2016; ..

: IASB likely to confirm transitional relief for insurers; Online Published Date : 05 April 2016 | Appeared in issue: 19.3 - 05 April 2016; ..

: EFRAG comments on IFRS 9 mitigation for insurers; Online Published Date : 05 April 2016 | Appeared in issue: 19.3 - 05 April 2016; ..

: Reflecting uncertainty in 2015 reports; Online Published Date : 05 April 2016 | Appeared in issue: 19.3 - 05 April 2016; ..

: EFRAG comments on materiality draft; Online Published Date : 05 April 2016 | Appeared in issue: 19.3 - 05 April 2016; ..

: Editorial; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; Possibly one of the most interesting things to emerge from a quiet month is the realisation that conglomerates that include an insurer could, without any change in the rules, continue to apply IAS 39 at insurance segment level after IFRS 9 has..

: SEC invites IFRS companies to participate in FASB Transition Resource Group; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; SEC Chief Accountant James Schnurr told a conference of accountants from the life sciences industry that he expected both US GAAP companies and IFRS companies to reach the same accounting conclusions under their respective new revenue..

: Simplifications to US share-based payments; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; The FASB has issued an Accounting Standards Update which provides a series of simplifications to stock compensation rules (Topic 718). The changes arise in part from the 2014 post implementation review of SFAS 123(R) but also include private company..

: GE produces integrated summary report; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; In an example of integrated reporting which also illustrates the ‘core and more’ principles proposed in the better financial reporting analysis of the Federation of European Accountants (FEE), the General Electric Company (GE) has..

: Transition Resource Group for US credit losses; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; The FASB has announced the composition of a Transition Resource Group (TRG) to help with the implementation of its expected credit loss approach to impairment. The 16-strong group includes six auditors as well as representatives of banks, credit..

: Different principles of materiality; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; The Corporate Reporting Dialogue (CRD) has issued a statement of common principles of materiality. The document is based on discussions between the participating members of the CRD and includes a comparative review of each organisation’s..

: The decision-usefulness of financial reporting; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; A research study released in March provides evidence of the way in which professional investors across Europe use financial reporting information. It draws a distinction between those looking to value the company and those looking to evaluate..

: Simplified reporting experiment; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; General Electric have taken the bold step of issuing a simplified annual report that is supposed to cover a whole range of issues for investors and potential investors. The 68-page document has in particular taken a radical position on financial..

: Research into user needs; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; The External Reporting Board (XRB) has published the results of research that shows that professional investors are more reliant on financial reports than are individual investors. It suggests there is an increasing demand for forward-looking..

: Missionary campaign to Vietnam; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; IASB chairman Hans Hoogervorst was in Hanoi recently, encouraging Vietnam to take the step to adopting IFRS. He stressed the advantages of full adoption, but had to explain at the same time why China, Japan and India fall short of this. Mr..

: IFRS taking over the world; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; The IASB has done an analysis of the relative GDP of countries that require or permit the use of IFRS for public companies. The figures show that countries producing approximately 60% of the world’s GDP use IFRS, and the US and China..

: Capital Markets Union – lower risk for insurers; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; The European Commission has issued an amendment to prudential rules which is designed to make it easier for insurers to invest in infrastructure projects. The amendment will reduce the risk weighting for investments in private equity from..

: Task force on climate change disclosures; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; A first report to the Financial Stability Board (FSB) sets out the scope and objectives of its Task Force on Climate-related Financial Disclosures (TCFD), the principles that it will follow in its recommendations, and the way in which it..

: Simplification of equity method; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; Under its general simplification initiative, the FASB has removed the requirement to make retrospective adjustments when an equity investment passes a threshold to be treated as an associate. The previous requirement was to go back to past..

: Choosing simplified accounting made easier; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; The FASB has made it easier for private companies to adopt simplifications of US GAAP by removing the effective dates for private companies and removing a requirement that the change should give better information. The changes will allow private..

: Non-financial information and investment; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; The Federation of FEE has published its response to the European Commission’s consultation on long term and sustainable investment. FEE says it believes investors take into account information on environmental, social and governance (ESG)..

: Range of opinions on applying conceptual framework; Online Published Date : 13 April 2016 | Appeared in issue: 19.3 - 05 April 2016; EFRAG has provided a feedback statement related to its work on the exposure draft of the IASB conceptual framework. The feedback details responses received to a questionnaire aimed to test how new definitions of an asset or a liability might be..