Beyond the GAAP - October 2018
During October, the European legislators have endorsed interpretation IFRIC 23 – Uncertainty over Income Tax Treatments. Meanwhile, the IASB has published new short, but focused, documents.
As the end of the year gets ever closer, it is time for issuers to think about preparing their year-end financial statements. On that note, our ‘A Closer Look’ feature in this issue looks at the financial reporting recommendations published by the AMF (the France’s Financial Markets Authority) and ESMA, which are traditionally published in October and are always useful for identifying the areas the regulators will focus on in their review of issuers’ financial documents.
A closer look
- IASB clarifies definition of a business in IFRS 3
- ESMA and AMF publish recommendations for 2018 financial reporting
Joeri Galas and Ron Horsmans