Our second edition of 2014 starts with a summary of the International Accounting Standards Board (IASB)’s latest standards, IFRS 14 Regulatory Deferral Accounts and IFRS 15 Revenue from Contracts with Customers. We then consider a number of items in the IASB’s project pipeline including its post-implementation review of IFRS 3 Business Combinations, its proposals on macro hedging and some proposed amendments to IAS 1 Presentation of Financial Statements.

The newsletter then moves on to a round-up of IFRS-related news at Grant Thornton, and a more general round-up of activities affecting the IASB. We end with an overview of the implementation dates of newer standards, some of them being not yet effective, and the proposals that the IASB currently has out for comment.