IASB Archives - Leaf Quality Systems (Pty) Ltd

Exposure Draft Consolidation Exception Published by IASB
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Exposure Draft Consolidation Exception Published by IASB

LEAF Quality Systems (Pty) Ltd2026-07-01T18:50:45+02:00

LATEST UPDATE Exposure Draft Consolidation Exception In May 2026, the IASB published the Exposure Draft Consolidation Exception, which is available on: https://www.ifrs.org/content/dam/ifrs/project/ifrs-for-smes-accounting-standard-consolidation-exception/ed-iasb-sme-2026-1-consolidation-exception.pdf It addresses a question that was raised to the SMEIG and is open for comment until 9 September 2026, with more details on: https://www.ifrs.org/projects/work-plan/ifrs-for-smes-accounting-standard-consolidation-exception/ed-cl-consolidation-exception/ The application question was about whether the exception in paragraph 9.3 of the IFRS for SMEs Accounting Standard (Standard), from preparing consolidated financial statements (the ‘consolidation exception’), applies to an intermediate parent, if its ultimate (or intermediate) parent is an investment entity that produces separate financial statements in which [...]

Exposure Draft Consolidation Exception Published by IASBLEAF Quality Systems (Pty) Ltd2026-07-01T18:50:45+02:00

IASB issues IFRS 20 to improve financial reporting for companies subject to rate regulation
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IASB issues IFRS 20 to improve financial reporting for companies subject to rate regulation

LEAF Quality Systems (Pty) Ltd2026-07-01T18:52:09+02:00

LATEST UPDATE IASB issues IFRS 20 to improve financial reporting for companies subject to rate regulation The International Accounting Standards Board (IASB) issued IFRS 20 Regulatory Assets and Regulatory Liabilities, a new Accounting Standard for companies subject to a specific type of rate regulation that determines how much and when a company can charge customers. It aims to help investors better understand how that rate regulation affects a company’s financial performance, financial position and its prospects for future cash flows. The new Standard requires companies to account for the effects of differences in timing in their [...]

IASB issues IFRS 20 to improve financial reporting for companies subject to rate regulationLEAF Quality Systems (Pty) Ltd2026-07-01T18:52:09+02:00

IASB Issues Illustrative Examples on Reporting Uncertainties in Financial Statements
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IASB Issues Illustrative Examples on Reporting Uncertainties in Financial Statements

Leaf Quality Systems2025-12-09T13:32:29+02:00

LATEST UPDATE IASB Issues Illustrative Examples on Reporting Uncertainties in Financial Statements The International Accounting Standards Board (IASB) has issued illustrative examples demonstrating how companies may apply IFRS Accounting Standards when reporting the effects of uncertainties in their financial statements. The examples use climate-related scenarios as practical illustrations, but the underlying principles apply more broadly to all uncertainties. According to stakeholders, the information companies provide about the effects of uncertainties is sometimes insufficient, or appears inconsistent with the information provided outside their financial statements. To help address this, the IASB developed these illustrative examples to [...]

IASB Issues Illustrative Examples on Reporting Uncertainties in Financial StatementsLeaf Quality Systems2025-12-09T13:32:29+02:00

IASB Issues Amendments for Translating Financial Information into Hyperinflationary Currencies
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IASB Issues Amendments for Translating Financial Information into Hyperinflationary Currencies

Leaf Quality Systems2025-11-28T13:40:52+02:00

LATEST UPDATE IASB Issues Amendments for Translating Financial Information into Hyperinflationary Currencies The International Accounting Standards Board (IASB) has issued amendments to clarify how companies should translate financial statements from a non-hyperinflationary currency into a hyperinflationary one. These narrow-scope amendments aim to improve the usefulness of the resulting information in a cost-effective manner. Developed in response to stakeholder feedback, these amendments are expected to reduce diversity in practice and provide a clearer basis for reporting in a hyperinflationary currency. The amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates are effective for [...]

IASB Issues Amendments for Translating Financial Information into Hyperinflationary CurrenciesLeaf Quality Systems2025-11-28T13:40:52+02:00

Educational Modules on the Third Edition of IFRS for SMEs Published
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Educational Modules on the Third Edition of IFRS for SMEs Published

Leaf Quality Systems2025-08-28T16:34:34+02:00

LATEST UPDATE Educational Modules on the Third Edition of IFRS for SMEs Published The IASB has published educational modules on financial instruments, small and medium-sized entities, concepts and pervasive principles, and cash flow statements to provide support in the application of the IFRS for SMEs Accounting Standard. These modules are designed to provide support to anyone learning about, applying, or reading financial statements prepared using the IFRS for SMEs Accounting Standard. The educational modules may be accessed on: https://www.ifrs.org/supporting-implementation/2025-ifrs-for-smes-supporting-materials/modules/ more LEAFQuest Advance Your Knowledge in Auditing Enroll in Our [...]

Educational Modules on the Third Edition of IFRS for SMEs PublishedLeaf Quality Systems2025-08-28T16:34:34+02:00