Audit and assurance

IFRS / HKFRS News 

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2016

        
Dec 2016       Common pitfalls of the impairment VIU model, Cannon Street Press and demystifying IFRS 9 series article explains significant increase in credit risk 
        
Nov 2016       Regulators' focus on the new standard disclosure for IFRS15 updates, Cannon Street Press and the leases lab introduces predetermined use contracts 
        
Oct 2016       Impact of the new insurance standard and IFRS 9 Myth Busters, Cannon Street Press, additional volatility in profit or loss for lessees from lease contracts denominated in a foreign currency, and practical implications of IFRIC rejections related to IAS 24 "Related-party disclosures" 
        
Sep 2016       IC rejections related to IAS 20 Government Grants, IFRS 11 Joint Arrangements, IFRS 10 Consolidated Financial Statements and IFRIC 12 Service Concession Arrangements; Cannon Street Press on IFRS 4 Insurance Contracts 
        
Aug 2016       Update on income taxes, decommissioning liabilities and impairment testing, difficulties in translating IFRSs, Cannon Street Press, IFRS 16’s possible impact on communications industry and practical implications of IFRIC rejections related to IAS 23 “Borrowing costs” 
        
Jul 2016       Ten reminders for interim reporting, alternative performance measures - under scrutiny by regulators, definition of a business, implication of IFRS 2 "Share-based Payment" amendments, IFRS 9 "Financial Instruments" Q&As, Cannon Street Press, leases lab for impact on systems and processes, and practical implications of IFRIC rejections related to IAS 21 "The effects of changes in foreign exchange rates" 
        
Jun 2016       IFRS 15 "Revenue from contracts with customers" and the insurance industry, Cannon Street Press, leases lab for how to implement the new guidance on lessee's KPIs, and practical implications of IFRIC rejections related to IAS 19 "Employee benefits"  
        
May 2016       Final changes to IFRS15 "Revenue from contracts with customers", highlights from the ESMA report for regulators, segment reporting in IFRS 8, leases lab on how to implement the new guidance in real estate, Cannon Street Press and practical implications of IFRIC rejections related to IAS 18 "Revenue"  
        
Apr 2016       Key considerations for impairment tests, current IFRIC rejections on various topics, leases lab, Cannon Street press and practical implications of IFRIC rejections related to IAS 17 "Leases"  
        
Mar 2016       Alternative performance measures, more guidance for banks on IFRS 9 "Financial instrument" impairment, IAS 7 "Cash flow statements" amendment, current IC rejections, Cannon Street Press and practical implications of IFRIC rejections related to IAS 16 "Property, plant and equipment" 
        
Feb 2016       IFRS 16 "Lease" new standard, narrow-scope amendments to IAS 12 "Income taxes", exposure draft on definition of a business, P*Q crashes, Cannon street press and the practical implications of IFRIC rejections related to IAS 12 
        
Jan 2016       10 reminders for year-end reporting; revenue TRG discusses optional purchase, licences and other topics; the TRG for Impairment of Financial Instruments continues discussions on impairment implementation issues; Cannon Street Press; and IFRIC rejections related to IAS 11 "construction contracts"  
        

2015

        
Dec 2015       IASB's proposed practice statement on application of materiality to financial statements and Cannon Street on financial instruments with the characteristics of equity, disclosure initiative, borrowing costs, joint control and definition of a business 
        
Nov 2015       Interpretation proposed on foreign currency for advance consideration and IAS 12 "Uncertainty over income tax treatments"; Cannon Street Press and IFRIC rejections related to IAS 10 "Events after the balance sheet date"  
        
Oct 2015       News from the TRG for impairment; IASB proposes deferral of effective date of amendments to IFRS 10 "Consolidated financial statements" and IAS 28 "Investments in associates"; exploring the myths of fair value; a summary of the IASB's recent decisions on insurance contracts; Cannon Street Press; and IFRIC rejections related to IAS 8 "Accounting policies, changes in accounting estimates and errors"  
        
Sep 2015       An analysis of recent ESMA enforcement decisions in relation to IAS 36 "Impairment of Assets"; the impact of negative interest rates; Cannon Street Press; and IFRIC rejections related to IAS 7 "Statement of Cash Flows" 
        
Aug 2015       IFRS 15 "Revenue from contracts with customers" ED; news from the revenue TRG; Cannon Street Press; and IFRIC rejections related to IAS 2 "Inventories" 
        
Jul 2015       Segment disclosures to bring more insight on the ‘management view’ and Cannon Street Press 
        
Jun 2015       IASB exposes revised conceptual framework; European regulator's endorsement on IFRS 9 "Financial instruments"; Cannon Street Press; and IFRIC rejections starting with IAS 1 "Presentation of financial statements"
        
May 2015       IASB's proposal on deferral of effective date of revenue standard, Cannon Street Press and Q&As on "Zoos and IAS 41"
        
Apr 2015       In depth: IFRS 9 Financial instruments - General hedge accounting
        
Apr 2015       IASB/FASB proposed clarifications and expedients to revenue recognition; new leasing standard approved for ballot; Revenue Transition Resource Group March meeting; Cannon Street Press and Q&As on "yields"
        
Mar 2015       IFRS 9 "Financial instruments": Hedging in practice - Frequently asked questions
        
Mar 2015       IASB and FASB's discussion on potential revisions to revenue standard; Investors calling for clarity and conciseness in policy disclosures; Cannon Street Press and Q&As on "eXiting a business"
        
Feb 2015       Accounting implications for financial volatility; Revenue Transition Resource Group makes a dent in the implementation issue list; Cannon Street Press and Q&As on "written put"
        
Jan 2015       Interpretation Committee's tentative decisions indicating potential guidance on IFRS 11 "Joint Arrangement"; 10 reminders for year-end reporting; Cannon Street Press and Q&As on "vesting conditions"
        

2014

        
Aug 2014       In depth: IFRS 9 Financial instruments - Expected credit losses 
        
Aug 2014       In depth: IFRS 9 Financial instruments - Classification and measurement - Analyses the impact of the new standard 
        
Aug 2014       IFRS in brief - IASB issues IFRS 9, 'Financial instruments' 
        

Publications prior to Aug 2014 have been archived.