Nieuws 12 februari 2021

IFRS update - Week 6

Een wekelijks overzicht van de laatste ontwikkelingen rond International Financial Reporting Standards (IFRS) en externe verslaggeving.

Fraud: recommendations to strengthen the financial reporting ecosystem
Corporate fraud is a serious issue that affects us all. Its consequences can weaken the public's confidence in markets and have long lasting damaging effects on society. The COVID-19 crisis has also increased the pressure on companies. This has created new opportunities to commit fraud making companies more vulnerable to corporate failure.
(Bron: Accountancy Europe)

Going concern: recommendations to strengthen the financial reporting ecosystem
When a company collapses, all stakeholders are affected, from employees to investors, and it eventually erodes the public’s trust in financial markets. This publication, with its counterpart on fraud, presents recommendations to strengthen the financial reporting ecosystem.
(Bron: Accountancy Europe)

IASB proposes to extend support for lessees accounting for covid-19-related rent concessions
The International Accounting Standards Board (Board) has today published for consultation a proposal to extend by one year the application period of the amendment to IFRS 16 Leases issued in 2020 to help lessees accounting for covid-19-related rent concessions.
(Bron: IFRS Foundation)

In the Spotlight - IFRS 17 affects more than just insurance companies
This publication considers examples of common contracts that might be within the scope of IFRS 17.
(Bron: PwC)

Draft Statutory Instrument on the delegation of functions relating to the adoption of IFRS from Secretary of State to the UKEB
The International Accounting Standards (Delegation of Functions) (EU Exit) Regulations 2021, laid in Parliament on 1 February, have now been published here.
(Bron: FRC)

Nieuwsbrieven

EY

• IFRS Developments Issue 185 / February 2021 - IASB proposes extension of relief for COVID-19 related rent concessions

Mazars

• Beyond the GAAP no. 151 - January 2021

Commenaren

EFRAG

• EFRAG draft comment letter on Business Combinations under Common Control

RJ

• DASB comment on EFRAG assessments on IFRS 17