novus IFRS 1st Edition 2021

In this is­sue of no­vus IFRS, we have com­pi­led for you im­port­ant pu­bli­ca­ti­ons on IFRS ac­coun­ting publis­hed by stan­dard set­ters and in­sti­tu­ti­ons. In ad­di­tion, we pre­sent the la­test pu­bli­ca­ti­ons of the IASB.

SPOT­LIGHT

• Amend­ment to IFRS 16: IASB ex­tends sup­port for les­sees ac­coun­ting for co­vid-19-re­la­ted rent con­ces­si­ons
• IASB publis­hes Dis­cus­sion Pa­per: Busi­ness Com­bi­na­ti­ons un­der Com­mon Con­trol 

IASB and IFRS IC PRO­NOUN­CE­MENTS

IASB – EU-En­dor­se­ment

• The EU ad­opts amend­ments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16: In­te­rest Rate Bench­mark Re­form – Phase 2 into Eu­ro­pean law
• EU ad­opts fur­ther de­fer­ral of IFRS 9 for in­su­rers into Eu­ro­pean law

New and amen­ded stan­dards and in­ter­pre­ta­ti­ons is­sued but not yet ef­fec­tive (IAS 8.30)

• IASB is­sued amend­ments to IAS 1 and IAS 8

Publis­hed ex­po­sure drafts

• IASB publis­hes Ex­po­sure Draft ED/2021/3 Dis­clo­sure Re­qui­re­ments in IFRS Stan­dards – A Pi­lot Ap­proach (pro­po­sed amend­ments to IFRS 13 and IAS 19)
• IASB publis­hes Ex­po­sure Draft 2021/1 – Re­gu­latory As­sets and Re­gu­latory Lia­bi­li­ties
• IASB Pro­po­ses Amend­ments to IFRS 16

IFRS In­ter­pre­ta­ti­ons Com­mit­tee

• IFRS In­ter­pre­ta­ti­ons Com­mit­tee agenda de­ci­si­ons

OTHER STAN­DARD-SET­TERS

IDW

• Supp­le­ment to ‚Teil 3 des Fach­li­chen Hin­wei­ses zu den Aus­wir­kun­gen der Corona-Pan­de­mie auf Rech­nungs­le­gung und Prüfung‘
• IDW-Steu­er­fach­aus­schuss: Up­date of the ‚Fach­li­chen Hin­wei­ses zu den steu­er­li­chen Maßnah­men zur Berück­sich­ti­gung des Coro­na­vi­rus‘
• Ban­ken­fach­aus­schuss des IDW (BFA): Pu­bli­ca­tion of the ‘Fach­li­chen Hin­wei­ses zu den Aus­wir­kun­gen der Coro­na­vi­rus-Pan­de­mie auf Wert­min­de­run­gen von Fi­nanz­in­stru­men­ten im Jah­res- und Kon­zern­ab­schluss von Kre­dit­in­sti­tu­ten zum 31.12.2020‘

EU-EN­DOR­SE­MENT

• EU En­dor­se­ment Sta­tus Re­port

EN­FORCE­MENT AGEN­CIES

• Ac­ti­vity Re­port 2020 of the Deut­sche Prüfstelle für Rech­nungs­le­gung (DPR, Fi­nan­cial Re­por­ting En­force­ment Pa­nel (FREP))
• FREP er­ror fin­dings