Jun 2015

In this IFRS/HKFRS news, we update you on IASB's issuance of exposure draft on the conceptual framework and European regulator's endorsement on IFRS 9 "Financial instruments" with recommendation of deferral for insurers. We share with you update from Cannon Street on IFRS 15 "Revenue from contracts with customers" clarifications, disclosure initiative and FICE research project. NIFRICS by numbers for this month talks about practical implications of IFRIC rejections related to IAS 1 "Presentation of financial statements".

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