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 second edition of the year by considering how tax issues resulting from the UK’s decision to leave the European Union may affect entities’ financial reporting. We then move on to look at a number of proposals that have been published by the IASB, including the latest instalment in the IASB’s Disclosure Initiative project – a Discussion Paper which suggests principles to make disclosures in financial statements more effective.
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.