This Update provides a roundup of news and information for the IFRS® Standards international community.
What’s new in this issue:
With the launch of our new website, we have revised and updated the TAC pages. Our translated work is now included in the Issued Standards section, and the adoption and copyright pages are now included under the Around the World section. Please send us your feedback on the new pages.
The recently launched website gives users ways to keep up with TAC announcements—you can follow projects or groups using tags, receive updates on your dashboard or receive email alerts. Please see the Getting started page for more information on how to receive TAC news and alerts.
In June 2017, a representative of the TAC team attended the Accounting and Accountability for Regional Economic Growth (CReCER) conference in Mexico City. This event, organised by the World Bank, IFAC, the Inter-American Development Bank and the Global Public Policy Committee, was an excellent opportunity for us to meet with standard-setters and other stakeholders in the region to discuss IFRS Standards translation, adoption and copyright.
The TAC team values any opportunity to meet in person and tries to attend international events whenever possible. We also welcome any opportunity to meet in London; so, please get in touch if you are ever here.
A translation of the Green Book is available for the first time—in Spanish. Up until now, the only Bound Volume available in this language was the Red Book. This new publication will be a great resource for users of IFRS Standards thanks to its cross-references to other related Standards, Illustrative Examples and Bases for Conclusions.
The Green Book is the only Bound Volume that includes agenda decisions of the IFRS Interpretations Committee—the reasons why certain items were not added to their standard-setting agenda. For more information on this new product, please visit our product page.
Since 2002, the International Accounting Standards Board (Board) has hosted an annual conference for national standard-setters. This year the World Standard-setters conference will take place on 25 and 26 September 2017 in London.
If you are a national standard-setter and have not received your invitation, please contact us as soon as possible.
If you are planning to attend, this is a good opportunity to meet with the TAC team to discuss your adoption, translation and copyright needs. If you would like to have a one-to-one meeting with the TAC contact person for your jurisdiction, please let us know before the conference starts and we will arrange a convenient time.
We offer several other opportunities to participate in the IFRS Foundation education events and learn about recently issued Standards. We are launching our first virtual conference later this year, for example. These events are not restricted to standard-setters.
Kuala Lumpur 7–8 September 2017
The Board and the Malaysian Accounting Standards Board will lead the workshop to give participants an update on new developments, receive feedback and explore framework-based IFRS Standards teaching. The one-day conference will involve discussions on IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leases as well as focusing on the practical implementation issues and challenges of these new Standards.
Dubai 2017 4–5 October 2017
At our Middle East Conference, IFRS Foundation technical staff will give an overview of recently issued Standards and a session on our Better Communication in Financial Reporting initiative. The staff will discuss major projects such as the Conceptual Framework and Materiality; they will also cover implementation of IFRS Standards and Islamic accounting and finance.
10 October 2017
At the first truly global and widely accessible IFRS Conference, participants will gain valuable insights from Board experts, business leaders and advisers. The conference will include interactive sessions, providing the opportunity to pose questions to some of the world’s leading experts on IFRS 16.