29. May 2017
Technical committee meetings in June 2017 – meeting papers
The meeting papers of the meetings from 8 and 9 June 2017 are available for download. Read more
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27. May 2017
IASB published Request for Information on IFRS 13
On 25 May 2017, the IASB has issued the Request for Information (RfI) regarding IFRS 13 Fair Value Measurement. The RfI is part of the Post-implementation Review (PiR) of IFRS 13 with the objective to assess whether the Standard achieves its objectives, how the requirements of the Standard affect investors, companies and auditors and whether there are areas in which the Standard is applied inconsistently. Read more
22. May 2017
ASCG comments on the IASB’s ED/2017/3
Today, the ASCG submitted its comment letter on the ED/2017/3 Prepayment Features with Negative Compensation (Proposed Amendments to IFRS 9) to the IASB. A similar comment letter has also been submitted to EFRAG. Read more
19. May 2017
Save the date: ASCG to host outreach event on 31 August on the transposition of the CSR Directive
Following the completion of the legal process around the transposition of the CSR Directive into German Law, the ASCG’s two Technical Committees are working hard on developing implementation guidance. We hope to be able to publish a draft German Amendment Accounting Standard (D-GAAS) No. 8 for public consultation shortly after the upcoming joint meeting of the two Committees to be held on 8 June in Berlin. Read more
19. May 2017
ASCG to host outreach event on 11 September on the IASB’s DP ‘Principles of Disclosure’
Together with its partner standard-setters from Austria and Switzerland and by participation of representatives from the IASB and EFRAG the ASCG invites all interested parties to a public outreach event to be held on 11 September at the Airport Conference Center at Frankfurt airport. The topic of the event will be the IASB’s Discussion Paper DP/2017/1 Principles of Disclosure. Read more
18. May 2017
IASB issues IFRS 17 and finalises the remaining of the four major projects
Following finalisation of IFRS 9 Financial Instruments (2014), IFRS 15 Revenue from Contracts with Customers (2015) and IFRS 16 Leases (2016), the IASB today issued IFRS 17 Insurance Contracts, the last remaining of the four major projects. Read more
15. May 2017
ASCG comments on the EU’s ESA consultation
Today, the Accounting Standards Committee of Germany (ASCG) submitted its response on the European Commission’s consultation on the operations of the three European Supervisory Authorities (EBA, EIOPA and ESMA). Read more
12. May 2017
ASCG submit comment letter to the IFRS IC on IAS 33
Today, the ASCG submitted a comment letter to the IFRS IC, commenting on the tentative agenda decision on an IAS 33 issue that the IFRS IC has taken in its meeting in March 2017. The issue was formerly submitted by our organisation in December 2016. Read more