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Please find below a brief summary of news and events from the International Accounting Standards Board (Board) and the IFRS® Foundation over the past month:

IFRS Foundation publishes 2017 Annual Report

The IFRS Foundation published its annual report, including the audited financial statements, for the financial year that ended 31 December 2017.

May 2018 TRG for IFRS 17 meeting summary and podcast available

The Transition Resource Group for IFRS 17 Insurance Contracts held a meeting on 2 May 2018. Click here for the meeting summary and podcast.

Supporting materials on proposed amendments to IAS 8 available

The IFRS Foundation published an overview and webcast to accompany Exposure Draft Accounting Policy Changes (Proposed amendments to IAS 8).

May 2018 IASB podcast now available

Hans Hoogervorst and Sue Lloyd, Chair and Vice-Chair of the Board, provide a podcast update on the latest Board meeting and other developments. 

Quiz on the Conceptual Framework published

The Board issued the revised Conceptual Framework for Financial Reporting in March 2018. We have created a quiz to help you test your knowledge and understanding of this important document. 

The most recent IFRS for SMEs Update is now available in Spanish

The Update includes information on IFRS for SMEs Standard modules, its adoption in Papua New Guinea and translations. View this and all previous Updates in Spanish here.