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IFRS News - Q3 2016

IFRS News 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 begin this third edition of the year by looking at some of the potential financial reporting implications of the UK's decision to leave the European Union. We then look at the amendments and proposed amendments the IASB has recently made to its Standards before turning to some useful advice that has been published on IFRS 15 ‘Revenue from Contracts with Customers’ and IFRS 9 ‘Financial Instruments’.

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.