The IASB has published a proposed update to the IFRS Taxonomy 2019 for Interest Rate Benchmark Reform, which amended IFRS 9, IAS 39 and IFRS 7.  The Proposed IFRS Taxonomy Update includes IFRS Taxonomy elements to reflect the new disclosure requirements introduced by the amendments to IFRS 9, IAS 39 and IFRS 7, issued by the Board in September 2019. The deadline for submitting comments is 13 December 2019.

Access the proposed update here.

In March 2019 the IFRS Interpretations Committee (Committee), the body that supports the International Accounting Standards Board by responding to questions about applying IFRS Standards, considered how a company should present amounts in its statement of profit or loss if a credit-impaired financial asset is subsequently paid in full or no longer credit-impaired (cured). The Committee concluded that the requirements in IFRS Standards provide an adequate basis to address this matter.

In this webcast, two technical staff members, Angie Ah Kun and Elizabeth Figgie, summarise the Committee’s discussion and explain the conclusion it reached. They also walk through the application of the relevant requirements in IFRS 9 Financial Instruments for amortised cost measurement and impairment.

View the recording here or visit our YouTube channel. The slide deck is also available separately.

The June 2019 IASB Update has been published and the work plan updated.

The topics discussed at the June meeting in order of discussion were:

• Primary Financial Statements
• Rate-regulated Activities
• Goodwill and Impairment
• SME Standard review and update
• Financial Instruments with Characteristics of Equity
• Business Combinations under Common Control
• Implementation Matters—Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16)

View the June IASB Update. Previous updates are available here.

View the updated work plan here.

A recorded webinar is available providing an overview of the Exposure Draft Amendments to IFRS 17, published by the International Accounting Standards Board on 26 June 2019. The presenters are Laura Kennedy and Roberta Ravelli, Technical Staff at the IFRS Foundation.  This recording took place to provide national standard-setters with an overview of the proposed amendments to IFRS 17.  Watch the webinar below, or find more materials to support implementation on the Amendments to IFRS 17 project page.

The IASB has published proposed changes to the IFRS Standard for income tax, IAS 12. The amendments clarify how companies account for deferred tax on leases and decommissioning obligations.  IAS 12 specifies how a company accounts for income tax, including deferred tax, which represents amounts of tax payable or recoverable in the future.

In specific circumstances, companies are exempt from recognising deferred tax when they recognise assets or liabilities for the first time. There has been some uncertainty in the market about whether the exemption applies to leases and decommissioning obligations. Therefore, to promote consistent application of the Standard, the Board has proposed narrow-scope amendments.  According to the proposed amendments, the exemption in the Standard would not apply to leases and decommissioning obligations—transactions for which companies recognise both an asset and a liability. The proposed amendments would result in companies recognising deferred tax on such transactions.  The Exposure Draft Deferred Tax related to Assets and Liabilities arising from a Single Transaction is open for comment until 14 November 2019.  Board member Gary Kabureck has summarised the proposed changes and the reasons for them in a short document: In Brief: Deferred Tax related to Assets and Liabilities arising from a Single Transaction.

Shasat, una organización global de consultoría, valoración y capacitación con sede en el Reino Unido, se ha convertido en miembro de la World Compliance Association (WCA), una organización internacional con sede en España. De esta manera, busca ofrecer cumplimiento a sus miembros en varios países, incluyendo el programa de aprendizaje de prevención contra el blanqueo de capitales (PBC).

El Sr. Sunil Kansal, director gerente de Shasat Consulting, opina que “la asociación con la World Compliance Association permitiría a ambas organizaciones complementar las fortalezas de los servicios en materia de cumplimiento y nos permitirá ofrecer programas de cumplimiento y aprendizaje a más profesionales en todo el mundo”.

Actualmente, Shasat ofrece programas de cumplimiento en más de 70 ciudades del mundo y lanzará sus propias soluciones de cumplimiento, lo que permitirá a las entidades estar mejor preparadas para enfrentar la amenaza continua del blanqueo de capitales de manera más efectiva. Con los recientes escándalos en esta materia, que sacuden el mundo bancario en Europa, y el auge de las criptomonedas, garantizar el cumplimiento de las normativas de PBC se ha vuelto más difícil y, por lo tanto, es importante que las organizaciones se equipen con mejores herramientas y soluciones de cumplimiento.

Por su parte, la WCA, que tiene presencia mundial, tiene como objetivo la promoción, reconocimiento y evaluación de las actividades de cumplimiento en las organizaciones (con independencia de su forma jurídica), así como el desarrollo de herramientas y procesos para una correcta protección frente a determinados delitos e infracciones cometidas por sus empleados, colaboradores o cualquier otra persona relacionada con ella.

En palabras del Sr. Iván Martínez, presidente de la WCA, “para nuestra asociación el contar con miembros como Shasat es un importante avance y una magnífica noticia,  ya que Shasat dispone de soluciones avanzadas de formación en materia del compliance en múltiples idiomas y múltiples localizaciones a nivel internacional”.

La asociación entiende el compliance como una parte esencial de la cultura, que deben adoptar todas las organizaciones como parte de un compromiso ético y responsable y como una forma de generar un valor seguro para sus propios grupos de interés. Por ello, se involucra en la sensibilización, la formación, la certificación y el intercambio de conocimiento y experiencias a través de los múltiples eventos que celebra durante el año.

Shasat, a UK based global Consulting, Valuation, and Training organization has become a member of the World Compliance Association (WCA), an international organization based in Spain. It seeks to offer compliance to its members in several countries, including the Anti-Money Laundering learning programme (AML).

Mr. Sunil Kansal, managing director of Shasat Consulting, believes that “our association with the World Compliance Association would allow both organizations to complement each other’s service strengths in compliance matters, and shall allow us to offer compliance & learning programmes to more number of professionals worldwide”.

Shasat currently offers compliance programmes in over 70 cities worldwide and is going to launch its compliance solutions, allowing entities to be better prepared in dealing with the continuous threat of money laundering more effectively.  With recent incidents of money laundering scandals rocking the banking world in Europe and the emergence of cryptocurrencies, ensuring compliance with the AML regulations has become more challenging, therefore, it is important that organizations equip themselves with better compliance tools and solutions.

The WCA, which has an international presence, aims to promote, recognize and evaluate compliance activities in organizations (regardless of their legal form). It also works for the development of tools and processes for correct protection against certain crimes and infractions committed by the employees, collaborators or any other person related to it.

In the words of Mr. Iván Martínez, president of the WCA, “for our association, having members such as Shasat is an important advance, since Shasat has advanced training solutions in compliance with multiple languages and multiple international locations“.

The association understands compliance as an essential part of the culture, which all organizations must adopt as part of an ethical and responsible commitment and as a way to generate a safe value for their own interest groups. Therefore, it is involved in raising awareness, training, certification and the exchange of knowledge and experiences through the multiple events held during the year.

IPSAS Implementation and Compliance Workshops

Strengthen your knowledge of International Public Sector Accounting Standards (IPSAS) through Shasat’s specialised implementation and compliance workshops. These programs are carefully designed to help public sector professionals achieve greater excellence in financial reporting, transparency, and governance.

At Shasat, we provide tailored IPSAS training solutions that range from short, topic-focused workshops to complete implementation programs. Each course addresses the specific needs of government entities, public institutions, and state-owned enterprises. As a result, participants gain a deep and practical understanding of IPSAS adoption and application.

Moreover, our sessions offer hands-on learning through interactive exercises, group discussions, and real-world case studies. During the workshops, you will explore key areas such as:

• Transitioning from cash-based to accrual-based accounting

• Implementing strong internal controls under IPSAS

• Understanding the differences between IPSAS, IFRS, and national standards

• Managing compliance and reporting obligations effectively

Our industry-recognised IPSAS instructors deliver every program with a focus on clarity, practical application, and current developments. Consequently, you will gain actionable insights that you can immediately apply within your organisation.

Furthermore, whether you are preparing for full IPSAS implementation or improving existing compliance processes, Shasat’s IPSAS workshops equip you with the clarity, confidence, and capability needed to meet international reporting expectations.

If you would like to discuss a customised IPSAS training program for your organisation, please contact us. Our team will work with you to design a program that aligns with your specific objectives and operational challenges.

この度、ジャパン・ビジネス・アシュアランス株式会社とSHASAT (UK) Limitedは、プロフェッショナルサービス及びトレーニングサービスにおいて、協業を開始いたしました。

　SHASAT (UK) Limitedは、英国に本社を構えるグローバルコンサルティング会社であり、特にIFRS関連のプロフェッショナルサービスにおいて高い実績を誇っております。IFRS適用で先行する欧州での豊富な実績から蓄積した事例とノウハウを、JBAを通じて日本企業へ提供してまいります。

また日本におけるIFRS適用会社の広がりを受け、ニーズが拡大しているIFRS人材の教育を目的とし、SHASATが有する最新のIFRS教育プログラムを、日本企業の実情に精通したJBAとともに日本で展開いたします。

【プロフェッショナルサービス】

・IFRSアドバイザリーサービス

・IFRSリサーチサービス　等

【トレーニングサービス】

・IFRS関連セミナー／研修会

——————————————————————————————————-

Shasat UK and Japan Business Assurance Co., Ltd enters into a business collaboration to offer IFRS advisory and Training services to institutions in Japan

Shasat has entered into a business alliance with Japan Business Assurance Co., Ltd (JBA), a leading Japanese consulting firm, to share its IFRS implementation experience through its “Global IFRS Desk” in London and at the same time, Shasat’s global Training Desk and JBA shall jointly offer IFRS Training programmes to professionals and leading financial & non-financial institutions in Japan with an aim to share their European IFRS implementation experience, best practices, expert faculty and truly world class unmatched learning solutions for organisation in Japan.

JBA is leading professional firm in Japan with a large client base and offers IFRS, Taxations and allied services to a large number of reputed Japanese corporates and financial institutions.  “We value our association with JBA since this would allow us to share our deep domain IFRS implementation experience and training services with the Japanese Institutions”said Sunil Kansal, Managing Director at Shasat.  He also added that “we take huge pride in our business alliance with JBA and pleased to join forces with JBA and the opportunity to work in the Japanese market.

S. Ugajin, Director at JBA mentioned that Shasat is a UK based global consulting organization and has produced high-quality result especially in IFRS related advisory services in Europe.  By using their accumulated know-how and valuable case examples in Europe, we provide Professional Services, such as IFRS Advisory Services and IFRS Research Services, to our clients in Japan.  He also added that “we will offer our clients an extensive range of IFRS training courses in association with Shasat, one of the leading training brands in the world.  As we know that the Japanese entities are moving towards full implementation of IFRS, therefore, they are faced with the shortfall in professional human resources.  JBA believes that the Training Services will provide the best solution for the accounting professionals in Japan”.

[Professional Services]

IFRS Advisory Services, IFRS Research services etc.

[Training Services]

IFRS Training Seminar, Workshop

Shasat has entered into a business alliance with Japan Business Assurance Co., Ltd (JBA), a leading Japanese consulting firm, to share its IFRS implementation experience through its “Global IFRS Desk” in London and at the same time, Shasat’s global Training Desk and JBA shall jointly offer IFRS Training programmes to professionals and leading financial & non-financial institutions in Japan with an aim to share their European IFRS implementation experience, best practices, expert faculty and truly world class unmatched learning solutions for organisation in Japan.

JBA is leading professional firm in Japan with a large client base and offers IFRS, Taxations and allied services to a large number of reputed Japanese corporates and financial institutions.  “We value our association with JBA since this would allow us to share our deep domain IFRS implementation experience and training services with the Japanese Institutions” said Sunil Kansal, Managing Director at Shasat.  He also added that “we take huge pride in our business alliance with JBA and pleased to join forces with JBA and the opportunity to work in the Japanese market.

S. Ugajin, Director at JBA mentioned that Shasat is a UK based global consulting organization and has produced high-quality result especially in IFRS related advisory services in Europe.  By using their accumulated know-how and valuable case examples in Europe, we provide Professional Services, such as IFRS Advisory Services and IFRS Research Services, to our clients in Japan.  He also added that “we will offer our clients an extensive range of IFRS training courses in association with Shasat, one of the leading training brands in the world.  As we know that the Japanese entities are moving towards full implementation of IFRS, therefore, they are faced with the shortfall in professional human resources.  JBA believes that the Training Services will provide the best solution for the accounting professionals in Japan”.