Introduction
This publication relates to reporting requirements as at 31
December 2012. It highlights the topical issues to consider and the
new standards and interpretations that apply at this date.
Topical issues at 31 December 2012
This section summarises some accounting hot topics
that may impact December 2012 year ends.
Impact of adopting IAS 19 revised
IAS 8 para 30 requires that when an entity has not applied a new
IFRS that has been issued but is not yet effective, that the entity
discloses this fact and known or reasonably estimable information
relevant to assessing the possible impact on the entity's
financial statements. We expect that such disclosure would include
both the quantitative and qualitative impact of adoption.
