The European Commission’s formal evaluation of the effectiveness and costs of applying IFRS across the EU has concluded the introduction of common standards has been largely positive, although it is critical of some of the complexity involved and says more needs to be done regarding accounting standards for SMEs 

The future of international accounting standards (IAS) regulations across the EU28 member states and progress in achieving higher standards of governance at the European Financial Reporting Advisory Group (EFRAG) will be up for debate at a conference in Latvia next week, convened by the Latvian presidency of the Council of the EU, which will evaluate the application of IAS across the EU28 member states

A number of issues relating to accounting for goodwill and testing goodwill for impairment in IFRS 3, Business Combinations, have been highlighted in a post-implentation review of the standard conducted by the International Accounting Standards Board (IASB), following feedback from auditors, preparers and regulators 

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has issued an amendment to its accounting standard on consolidation to clarify the way an Islamic financial institution (FI) should determine if financial statements of an investee company, or a subsidiary, should be consolidated with its own

CIFPA is calling for Open Book Contract Management (OBCM) to be mandated as the compulsory approach for managing outsourced public sector work, as a way of improving accountability across public sector contracts