Briefing

IFRS News - Quarter 1

Welcome to IFRS News. This 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 start our first edition of 2015 with a reminder of the more significant changes that companies will face in preparing their next annual financial statements. We concentrate on the changes that come into effect for companies with 31 December 2014 and 31 March 2015 year ends, before mentioning briefly changes that will affect companies with 30 June or 30 September 2015 year-ends. We finish with a look at some changes which are further away on the horizon but which will have a big impact when they become effective.

In this first edition of IFRS News of 2015, we’ll look at some of the issues companies will face during their reporting seasons; new Standards issued by the IASB; Exposure Drafts issued; IFRS-related news at Grant Thornton and a general round-up of financial reporting developments.

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