Beyond the GAAP - May 2015 issue

As scheduled, the IASB has published its exposure draft, proposing a one-year deferral of the mandatory effective date of IFRS 15. This exposure draft is to be followed by a second, scheduled for July, proposing amendments to the standard (in the form of clarifications and additional examples) ensuing from the work of the TRG. Although further TRG meetings are scheduled, the IASB is not planning to make any further amendments.

The IASB has also published its draft Conceptual Framework this month. Although this will not have any immediate impact on currently-applicable standards, it sets out the context for their future development. It should however be noted that some important issues, such as the definition of ‘performance’ and distinguishing between debt and equity, are not addressed in the draft and have been added to the IASB’s work plan as research projects.

Beyond the GAAP will address the key elements of the IASB’s proposed Conceptual Framework in a future issue.

文件

89 - Beyond the GAAP - Mazars Greater China_​2015-05.pdf

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华 英
华 英 合伙人,审计和鉴证服务 - 上海

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王 健民
王 健民 广州办公室执行合伙人 - 广州 天河南区

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