18 December 2017
BDO Global - Audit & Assurance provides its clients and business partners with news on development in the field of international financial reporting through the IFR bulletins - one of BDO's regular publications, focusing on the latest IFRIC interpretations, exposure drafts and amendments of existing standards. Another interesting topic of IFR bulletins are the interpretations of The European Securities and Markets Authority (ESMA) reports focusing on accounting and financial reporting.
We would like to recommend these issues of IFR bulletins in particular:
- IFRB-2017-16 which draws the reader’s attention to the IASB improvement project for the cycle 2015-2017. This project resulted in amendments of IFRS 3, IFRS 11, IAS 23 a IAS 12. The amendments will be effective for periods beginning on or after 1st January 2019.
- IFRB-2017-12 which summarizes some of the ESMA’s findings on assessment of joint control in the joint arrangements according to the IFRS 11 or ESMA’s evaluation of alternative methods for trademark impairment testing.
- IFRB-2017-07 dealing with the anticipated amendments to the IFRS 8 Operating segments.
Bulletins for 2016, 2015, 2014 and 2013 can be downloaded from BDO's Global Website.