IFRS Newsletter- English- May 2015

The may edition of IFRS newsletter published by Mazars presents the most important news of the month.

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.

In the current edition of Beyond the GAAP we summarize the latest international and European highlights and we give a useful summary about the standards applicable at 30 June 2015 and an overview on the current redeliberations on the IFRS 15.

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IFRS Newsletter- English- May 2015