February 2016

Welcome to IFRS Newsletter – a newsletter that offers a summary of certain developments in International Financial Reporting Standards (IFRS) along with insights into topical issues.

We begin this first edition of 2016 by looking at IFRS 16 Leases, the new standard on lease accounting which was published by the International Accounting Standards Board (IASB) on January 13.

We then move on to items currently in the IASB’s pipeline before taking a look at issues that regulators are likely to focus on in the coming months.

Further on in the newsletter, you will find IFRS-related news at Grant Thornton and a general round-up of financial reporting developments. We finish with a summary of the implementation dates of newer standards that are not yet mandatory, and a list of IASB publications that are out for comment.