Ernst & Young: IFRS outlook - September 2012 Freitag, 12. Oktober 2012 - 10:32

IFRS outlook September 2012

The next wave of IFRS changes is coming. Are you ready? As 2013 approaches, many significant IFRS changes are set to become effective for the first time. We summarise the key IFRS changes that become effective in 2013, together with the likely impact on financial statements and processes.

Executive compensation and the debate over accounting for equity-settled share-based payment awards Recent adverse economic and financial market trends have renewed the debate on executive compensation, which is also the subject of intense media attention in the wake of the financial downturn. We examine some of the accounting implications for equity-settled share-based payment awards and focus on the disconnect between the grant-date and vesting-date values.

IAASB suggests changes to improve the value of the auditor's report In June 2012, the International Auditing and Assurance Standards Board (IAASB) released an Invitation to Comment: Improving the Auditor's Report, which sets out the indicative direction of its future standard-setting proposals to improve the value of the information communicated in auditors' reports in accordance with International Standards on Auditing (ISAs). To find out more about the IAASB's suggested improvements and their possible implications for entities, we talk to Dan Montgomery, IAASB Deputy Chair and Chair of the IAASB Auditor Reporting Task Force.

IFRS project update Find out which projects the IASB and the IFRS Interpretations Committee are currently discussing.

Resources Look here for an up to date list of our recent publications.