The European Financial Reporting Advisory Group (EFRAG) has issued a draft endorsement advice letter relating to the endorsement for use in the EU of Definition of a Business (Amendments to IFRS 3 Business Combinations).

In this month’s roundup of accounting and reporting developments, IFRS 16 Leases effective date hits balance sheet, SEC fines Hertz Global $16m over accounting misstatement, crackdown on abuse of Scottish partnerships for money laundering

Company reporters need to be ready for mandatory changes to the Strategic Report and the enhanced s172 Companies Act 2006 statement on directors’ duties from January 2019, explains Matt Chapman, better business reporting leader, KPMG

IFRS 16 Leases is effective for annual reporting periods beginning on or after 1 January 2019, effectively bringing leases onto the balance sheet for the first time, hitting sectors with multiple mid and long-term leases

If 2018 was significant for the International Accounting Standards Board with the introduction of IFRS 9 and IFRS 15, 2019 will sees IFRS 16 Leases come into effect, continuing work on improving the disclosure requirements and more work on clarify the delayed insurance contracts standard, IFRS 17. Jeroen Van Doorsselaere, VP of Wolters Kluwer Financial Services, looks at the key issues for international reporters in the year ahead

Paul Lippitt, principal consultant at fleet leasing company Lex Autolease, outlines seven steps to ensure smooth implementation of IRFS 16 Leases, effective for accounting periods starting 1 January 2019

The key accounting deadlines from accounts for period ending 31 March 2018 to implementation of a raft of amendments SORPs following FRS 102 triennial review, effective date of IFRS 16 Leases and revised guidance on the strategic report requirements

The latest in our series on the lease accounting rule changes under IFRS 16 Leases focuses on the implications for the aviation sector, the impact on cash flow and arguments for renegotiating lease contracts. Steven Fox, head of corporate solutions at MRI Software, explains

The International Accounting Standards Board (IASB) has decide to look at an amendment to IFRS 17 Insurance Contracts, relating to the separate presentation in the financial position statement of groups that are either assets or liabilities

A debate over whether sustainability reporting should be mandated and organised by independent bodies or left for the markets heard broad agreement that such reporting should be done, but faced strong rejection of any compulsory requirement

In his first speech as chairman of the IFRS foundation trustees, Erkki Liikanen has welcomed the outcome of the EU ‘fitness check’ on IFRS standards, and the emphasis on not requesting ‘carve outs’ from International Accounting Standards Board (IASB) requirements

In this month’s roundup of accounting and reporting developments, Companies Act 2006 amended for post-Brexit scenario, profit warning at Yü Group, Housing SORP 2018 issued, IFRS 17 Insurance Contracts delayed and poor quality disclosure reporting at smaller listed entities

As 2018 draws to a close, Jeroen Van Doorsselaere discusses the long-term plans of the International Accounting Standards Board (IASB), the work it is doing on materiality, and its collaboration with other boards to develop a global common set of standards

A specialist taskforce on disclosures about expected credit losses has published ‘stretching’ recommendations for the UK's biggest banks in meeting requirements under IFRS 9 Financial Instruments, which will have a significant effect on how they calculate loan loss provisions

In part eight of our series on IFRS 16 Leases, Louise Sayers, audit partner and head of natural resources at BDO, examines why it is of particular importance to the extractives and mining sector and what companies should consider when applying the new standard