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IFRS News - Q2 2019

IFRS News is your quarterly update on all things relating to
International Financial Reporting Standards. We’ll bring you up
to speed on topical issues, provide comment and points of view
and give you a summary of any significant developments.

We begin this second edition of 2019 by considering the IASB
Exposure Draft ‘Interest Rate Benchmark Reform’. We then look
at implications of the IASB’s statement that an entity should
be entitled to sufficient time in determining whether it needs to
change an accounting policy as a result of an IFRIC agenda
decision and in implementing any such change.

Continuing on an IFRIC theme, we then look at the agenda
decisions that were issued in March and the tentative issues
that are currently out for comment. Further on in the newsletter,
you will find IFRS-related news at Grant Thornton and a
general round-up of financial reporting developments.

We finish with a summary of the implementation dates
of recently issued Standards, and a list of IASB
publications that are out for comment.