Beyond the GAAP no.72 - November 2013
The 2013 annual statements are drawing near! As every year, we present the list of IFRS standards and interpretations applicable to this reporting date. We also invite you to take a close look at the AMF’s Recommendations and ESMA’s Enforcement priorities for 2013.
During this period, the IASB and the FASB have been continuing their work plan.
The IFRS Interpretations Committee has completed its reflections on discount rates in IAS 19, and has begun to address the application difficulties of IFRS 11.
We may legitimately wonder about the timing of this work, given that the question of discount rates was particularly pressing at the end of 2012, and that European entities are preparing to apply IFRS 11 in 2014 while Canada, South Africa and other countries are already applying it.
Even if they come a little late, it is important to follow these debates and to comment where necessary on the directions they take.