This is an opportunity for Beyond the GAAP to return to these discussions, and to the items on the agenda of the second meeting of the TRG.

In parallel, and as happens every year around this time, ESMA has published its priorities for 2014 financial statements. The regulator focuses on the impact of the first application of the new consolidation standards in Europe, and on the importance of providing disclosures that are material, specific and relevant to understanding the performance and financial situation of the issuer. In this edition, Beyond the GAAP will guide you through these recommendations.

Highlights

IFRS Standards

• Leases: further redeliberations 
• The IASB updated its work plan

A closer look

• IFRS 15 Transition Resource Group: what were the first topics discussed?
• What are the ESMA priorities for 2014 financial statements?