Nexia IFRS Link March 2018

IFRS link is a tech­ni­cal news­let­ter tar­ge­ted at audi­tors/acco­un­t­ants. It pro­vi­des upda­tes and infor­ma­tion rela­ting to new stan­dards and IFRS.

CON­T­ENTS:

Notes on the con­so­li­da­ted finan­cial sta­te­ments

• Requi­red dis­c­lo­su­res in the notes on the legal sta­tus of IFRS
• Effects of new or amen­ded stan­dards and inter­pre­ta­ti­ons (IAS 8.28)
• New or amen­ded stan­dards and inter­pre­ta­ti­ons not app­lied (IAS 8.30)
  

IASB

• IASB pub­lis­hes amend­ments to IFRS 9
• IASB fina­li­zes amend­ments to IAS 28
• IASB pub­lis­hes expo­sure draft on IAS 8 entit­led “Ac­co­un­ting Poli­cies and
  Acco­un­ting Esti­ma­tes”
• Pub­lis­hed expo­sure draft on the defini­tion of “ma­te­rial”
• Practice sta­te­ment “Ma­king Mate­ria­lity Jud­ge­ments” issued
• Update of the IFRS Taxo­nomy for the sub­mis­sion of elec­tro­nic finan­cial
  sta­te­ments
  

Other stan­dard set­ters

• Q&A docu­ment on the intro­duc­tion of IFRS for SMEs
  

EU Endor­se­ment

• EU Endor­se­ment Sta­tus Report

ESMA

• ESMA 2018 key audit areas
• ESMA issues furt­her Q & As on the Gui­de­li­nes on Alter­na­tive Per­for­mance
  Mea­su­res
• ESMA: Enfor­ce­ment deci­si­ons pub­lis­hed