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By Martin FLAUNET, Partner, Jeremy PAGES, Senior Manager and Shadjiah MOONIARUCH, Manager, Deloitte Luxembourg
The past few years have been eventful, with the introduction of three new standards by the IASB(1) and by a toughening of regulations across the world in an attempt to enhance financial reporting in the public interest. In this article, we discuss about the key developments to expect for the year 2020 and for 2019 financial statements.
Anticipate the accounting impacts from the IBOR reform
The EU’s parliament response to the Libor Scandal was to enact the Benchmarks Regulation(2) (BMR) in 2016 in an attempt to restore confidence in the integrity of benchmark rates through the introduction of a...
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