Beyond the GAAP n°156 - Juni 2021
Ende Juni ist Hans Hoogervorst, Vorsitzender des International Accounting Standards Board, nach 10-jähriger Amtszeit zurückgetreten. Andreas Barckow, der zuvor in mehreren Beratungsgremien der IFRS Foundation tätig war, hat zum 1. Juli für ein erstes Mandat die Leitung des IASB übernommen.
Over the past 10 years, the IASB has published several important standards: IFRS 15 on revenue recognition and IFRS 9 on financial instruments in 2014, IFRS 16 on leases in 2016 and IFRS 17 on insurance contracts in 2017. Though this standard is not yet effective, it has already been modified and it is expected to be further amended to facilitate the transition as presented in this issue.
As the IASB changes its chairman and several Board members are replaced, the IASB's work plan is still ambitious, with major projects to be completed, such as the one on primary financial statements. As shown by the decisions made in June, maintenance of existing standards is also a priority for the Board which notably intends to propose limited amendments to IAS 7 and IFRS 7 in order to improve the information disclosed in the context of reverse factoring arrangements.
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