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In such unprecedented times, communicating effectively has never been more important for companies – telling your own story in your financial reports, explaining the judgements made and the estimates used in making them.

Our IFRS Insights page features the very latest insights from our IFRS Institute in Belgium on the IASB’s projects and other matters in international accounting and financial reporting. 

Read on to explore our latest thinking, initiatives and events, or jump directly to one of the following sections:

Guides to IFRS interim and annual financial statements  |  IFRS 16: Leases  |  IFRS 9 and IBOR Reform  |  IFRS 17  |  Other IFRS Standards  |  Amendments to IFRS  |  IFRS compared to US GAAP  |  Other IFRS Developments



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IFRS 9 and IBOR Reform

IFRS 9: Financial Instruments

Financial instruments accounting continues to respond and adapt to the changing circumstances of the global economy, including the effects of the COVID-19 coronavirus pandemic as well as issues that affect corporates and banks alike such as benchmark reform and financial instruments with characteristics of equity.

IFRS 9 Financial Instruments has brought fundamental changes to financial instruments accounting in recent years. Our materials will help you understand the requirements of this standard as they relate to your company, as well as offering insights and guidance on the application of IFRS® Standards.

IBOR Reform

The reform of interest rate benchmarks such as interbank offered rates (IBORs) caused changes to financial reporting requirements under IFRS® Standards.

The International Accounting Standards Board (the Board) tackled the changes in two phases.

  • Phase 1 amended specific hedge accounting requirements where uncertainty could arise in the run-up to transition;
  • Phase 2 addressed potential financial reporting issues that may arise when IBORs are either reformed or replaced.

Our materials provide insights and guidance on both phases of reform and their potential impact on your financial statements.


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The new insurance contracts standard, IFRS 17, aims to increase transparency and to reduce diversity in the accounting for insurance contracts.

First published in May 2017, it has since been amended and its effective date has been deferred to 1 January 2023.


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Other IFRS Standards

Many standards can be challenging when applying in practice. Our handbooks aim to help you apply IFRS, sharing out insights and using illustrative examples.


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Amendments to IFRS

Here you can find our latest insights on (proposed) amendments to IFRS.


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IFRS compared to US GAAP

We are pleased to share our publications on the comparison of IFRS Standards and US GAAP to help you understand the most common differences.


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