IFRS News, 2017/1

We begin this first edition of 2017 by considering the European Securities and Markets Authority’s recent public statement on the implementation of IFRS 9 ‘Financial Instruments’. The statement will be of interest to many companies inside and outside Europe as the Standard’s 1 January 2018 effective date draws closer. We then move on to look at a number of amendments that the IASB has recently made to its Standards and some proposals which are in its pipeline. Further on in the newsletter, you will find IFRSrelated 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.