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IFRS IC decision on disclosure of changes in liabilities arising from financing activities

The IFRS Interpretations Committee (IC) received a request from users of financial statements about the disclosure of changes in liabilities arising from financing activities. The IC published an agenda decision identifying areas on which entities should focus when preparing this disclosure. See our In brief for further details.

IFRS IC decision on presentation of uncertain tax liabilities

The IFRS Interpretations Committee (IC) concluded that an entity is required to present uncertain tax balances as current or deferred tax assets or liabilities. Entities that present uncertain tax liabilities (or assets) classified on lines other than current or deferred tax assets or liabilities should consider the impact of the agenda decision on this presentation. See our In brief for further details.
PwC IFRS Talks - Episode 58: IAS 12 income taxes

In this episode Tony Debell discusses whether the changing landscape for global taxation makes IAS 12 harder to apply, including what’s changed recently, what has stayed the same and what the key areas for the regulators’ focus are.

IFRS 17 global webcast - Facing IFRS 17 with confidence

On 5 September, IASB Board member Nick Anderson joined a panel of PwC experts to discuss the latest IFRS 17 developments over the last 6 months. Watch the on demand recording.
IASB amends IFRS 9, IAS 39 and IFRS 7 in response to the IBOR reform

The IASB has amended some of its requirements for hedge accounting. The amendments are designed to support the provision of useful financial information by companies during the period of uncertainty arising from the phasing out of interest-rate benchmarks such as interbank offered rates (IBORs). The amendments impact IFRS 9, IAS 39 and IFRS 7.