105 - Beyond the GAAP- 11-2016

The adoption of IFRS 9 by the European Union marks the end
of the work carried out by EFRAG under the leadership of
Françoise Flores, coincidentally falling at the same time as
her appointment as a member of the IASB. This appointment
will maintain a French presence on the Board, following the
end of Philippe Danjou’s term last October.
Françoise Flores joins the IASB just as the finishing touches
are being put to the future IFRS 17 – Insurance Contracts
standard as well as to the Conceptual Framework, which will
provide the foundation for future standard-setting projects.
After this, the IASB will begin a new chapter, focusing on
better communication in financial reporting. It will focus
particularly on the presentation of financial performance, a
topic that will surely be of interest to all stakeholders.
However, no major new standards are scheduled for the
coming years.
While IFRS 15 and IFRS 9 do not become mandatory until
2018, in this issue we also list the new standards,
amendments and interpretations that are applicable for the
2016 financial statements.
Enjoy your reading!