OFFICIAL November 26, 2020 Latest NewsDon't forget! The 2020 AASB Virtual Research Forum The 2020 AASB Virtual Research Forum, featuring IASB Board member Ann Tarca and proudly supported by UNSW is on Monday, 30 November! We hope you will join us for what promises to be an intriguing day of presentations about some of the industry's most pressing issues. In Case You Missed It!AASB 17 Insurance Contracts APRA consultation The Australian Prudential Regulation Authority (APRA) has commenced a consultation to update its insurance capital and reporting frameworks in recognition of the implementation of AASB 17 Insurance Contracts. Submissions on this topic will be open until Wednesday 31 March 2021. COVID-19 Resources The AASB has created a dedicated web page that houses various internal and external resources as they pertain to COVID-19 and its effects on the financial reporting process. The AASB has noted concerns about the impact of COVID-19 crisis on the operations of entities and has been liaising with other regulators to address any financial reporting requirements concerns in a coordinated way. International NewsThe IFRS Foundation The IFRS Foundation has:
The International Accounting Standards Board (IASB):
The IFRS Interpretations Committee has:
International Public Sector Accounting Standards Board (IPSASB) The IFAC Nominating Committee:
The IPSASB:
Deloitte have released the 2020 Edition of IPSAS in your pocket. The guide summarises the provisions of all IPSAS, recommended practice guidelines and the conceptual framework, outstanding at 1 January 2020. International Integrated Reporting Council (IIRC) The IIRC and the Sustainability Accounting Standards Board (SASB) announced their intention to merge into a unified organisation, the Value Reporting Foundation, providing investors and corporates with a comprehensive corporate reporting framework across the full range of enterprise value drivers and standards to drive global sustainability performance. Financial Reporting Council (FRC) (UK) The FRC (UK):
The Institutional Investors Group on Climate Change (IIGCC) The IIGCC has published 'Investor Expectations for Paris-aligned Accounts', which notes that companies can no longer afford to ignore what climate change means for their business as climate change is material and investors need visibility about the effects in company accounts. |