Beyond the GAAP - November 2016 issue

Françoise Flores joins the IASB just as the finishing touches are being put to the future IFRS 17 – Insurance Contracts standard as well as to the Conceptual Framework, which will provide the foundation for future standard-setting projects. After this, the IASB will begin a new chapter, focusing on better communication in financial reporting. It will focus particularly on the presentation of financial performance, a topic that will surely be of interest to all stakeholders. However, no major new standards are scheduled for the coming years.

While IFRS 15 and IFRS 9 do not become mandatory until 2018, in this issue we also list the new standards, amendments and interpretations that are applicable for the 2016 financial statements.

Enjoy your reading!