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