The last quarter has been a quiet one for the IASB, with just one amendment issued on the ‘Definition of Material’. We therefore consider some topical issues in this final edition of our newsletter for 2018. These include regulators’ views on IFRS 9 and IFRS 15, reverse factoring, and issues related to the discontinuance of LIBOR and other inter-bank offer rates.
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 newer Standards that are not yet mandatory, and a list of IASB publications that are out for comment.