IFRS Newsletter – June 2019

IFRS Newsletter is your quarterly update on all things relating to International Financial Reporting Standards (IFRS). We will bring you up to speed on topical issues, provide comment and points of view, and give you a summary of any significant developments.

We begin this second edition of 2019 by considering the International Accounting Standards Board (IASB) Exposure Draft Interest Rate Benchmark Reform.

We then look at the implications of the IASB’s statement that an entity should be entitled to “sufficient time” in determining whether it needs to change an accounting policy as a result of an IFRIC agenda decision and in implementing any such change.

Continuing on an IFRIC theme, we then look at the agenda decisions that were issued in March and the tentative issues that are currently out for comment.

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 recently issued standards and a list of IASB publications that are out for comment.

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