Association pour la participation des entreprises françaises à l'harmonisation comptable internationale


  • L'IASB publie les résultats de l'enquête qui avait pour objectif de mieux cerner les problématiques perçues en matière d'informations annexes.

    Ces résultats seront analysés plus en détail lors du Forum organisé le 28 janvier.



    ven, 25/01/2013
  • The European Securities and Markets Authority (ESMA) has today published a review of 2011 IFRS financial statements related to impairment testing of goodwill - the value of intangible assets which has a quantifiable value - and other intangible assets.  The review, which looked into the accounting practices of a sample of 235 European issuers from 23 countries, found €800bn (€790bn in 2010) worth of goodwill balances in the 2011 financial statements of issuers, with 5% (c. €40bn) of that amount recognised as impairment losses in 2011.

    Steven Maijoor, ESMA CHAIR, said:

    “Good quality financial information is key for investors in understanding the financial health of an issuer in whom they hold assets or in who they may wish to invest.

    Goodwill, and its impairment, are key components in making a realistic evaluation of firms.  In that respect ESMA’s review will help in providing a more harmonised approach to the disclosure of goodwill impairment under IFRS throughout the European Union.”

    The report shows that significant impairment losses of goodwill were limited to a handful of issuers, mostly in the financial services (€19,2bn) and telecommunication industry (€9,7bn).  This therefore raises the question as to whether the level of impairment disclosed in 2011 financial reports appropriately reflects the difficult economic operating environment for companies.  Although the major disclosures related to goodwill impairment testing were generally provided, in many cases these were of the boilerplate variety and not entity-specific.

    In order to improve the overall disclosure provided by issuers, ESMA recommends that issuers: 
    •    Better specify the key assumptions used in the impairment test;
    •    Include sensitivity analyses with sufficient detail and transparency, especially in situations when indicators are present that impairment might have occurred;
    •    Determine the growth rates used to extrapolate cash flows projections based on budgets and forecasts; and 
    •    Disclose specific discount rates for each material cash-generating unit rather than average discount rates.

    In addition, ESMA and national competent authorities responsible for IFRS enforcement will use the review’s findings as areas to focus their assessments on when reviewing 2012 IFRS financial statements.  These reviews will aim at: 
    •    improving the rigour applied by issuers in the impairment test of goodwill;
    •    monitoring the application and compliance with IAS 36 requirements on goodwill impairment, in particular with regard to:

    o    the reasonableness of cash flows forecasts;
    o    key assumptions used in the impairment test;
    o    sensitivity analyses provided; and

    •    assess whether issuers have provided sufficient relevant disclosures in these areas.

    Firms and auditors sought to improve disclosure

    ESMA expects issuers and their auditors to consider the findings of this review when preparing and auditing their IFRS financial statements.  In addition, national competent authorities will take, or have already, taken appropriate enforcement action whenever material misstatements are identified.
    ESMA will collect data on how European listed entities have applied IFRS requirements in this area in 2012 and will report its findings to the market.

    mar, 22/01/2013
  • Lorsqu’IFRS 13 (Juste valeur) a été développé, l’IASB a également amendé IAS 36 afin de demander plus d’informations pour les cas où la valeur recouvrable est assise sur une juste valeur (nette des couts de sortie).

    L’amendement a été mal positionné au sein d’IAS 36 et laissait penser que la valeur recouvrable devait être donnée dans tous les cas où un montant significatif de goodwill avait été affecté à une unité génératrice de trésorerie, que l’actif soit l’objet ou non d’une dépréciation (paragraphe IAS 36.134(c)).

     L’IASB propose donc d’amender IAS 36 de façon rétroactive afin que la valeur recouvrable ne soit requise que pour les actifs ayant fait l’objet d’une dépréciation (ou reprise)  sur la période et de requérir également dans ce cas des informations sur le calcul de la juste valeur (paragraphe IAS 36.130).

    lun, 21/01/2013
  • EFRAG has issued its letter to the IASB commenting on the IFRS 9 Hedge Accounting Review Draft. EFRAG’s comments reflect the results of the field test carried out by EFRAG in partnership with the ANC, ASCG, FRC and OIC. In total 44 companies provided responses in the field test, covering all major sector groups in the Euro Stoxx index.

    EFRAG has divided its comments in two parts:

    • First, an overview of the implementation difficulties, including fatal flaws and requests for additional guidance. These relate to the use of net positions, the tensions between economic hedges and hedge accounting, the treatment of basis risk in cross currency interest rate swaps, the own use exception and the treatment of time value and forward points.
    • Second, an input to the IASB’s effect analysis. The field test has confirmed a series of common hedging strategies for which hedge accounting is not permitted, although the objective set for the IASB’s project was to reflect risk management practices. EFRAG acknowledges that the IASB has deliberated in its due process every related limitation to the hedge accounting model. However the IASB’s reasoning in its basis for conclusions has remained somewhat limited. EFRAG strongly recommends that the IASB reviews its reasoning for maintaining the proposed limitations when finalising its effect analysis of the project, so that constituents may share full understanding of why lifting those limitations would impair good quality financial reporting. The issues relate to the application of hedge accounting to a net position with foreign currency risk, the treatment of credit risk and the sub-LIBOR issue. Comments also relate to the disclosure requirements.


    Finally EFRAG has analysed the consequences of the IASB’s decoupling approach to the review of hedge accounting, separating its project on macro-hedging for open portfolios from the general hedge accounting requirements. EFRAG holds the view that IAS 39 requirements applicable to macro-hedging should remain applicable in their entirety – cash-flow macro-hedging included – until the IASB completes its now separate project on macro-hedging, so that macro-hedging of open portfolios practices are not subject to successive changes from current practice, in other words that the transition from IAS 39 to IFRS 9 can be completed in one go. EFRAG is undertaking a supplementary short consultation with European stakeholders on this issue, so as to complete its conclusions and recommendations to the IASB with a supplementary letter that it plans to issue in March.


    The letter can be downloaded here.

    lun, 21/01/2013
  • mer, 09/01/2013
  • L'Europe adopte fin décembre toute une série de nouvelles normes ou amendements : 

    IFRS 10 Consolidated Financial Statements 

    IFRS 11 Joint Arrangements 

    IFRS 12 Disclosure of Interests in Other Entities 

    IFRS 13 Fair Value Measurement

    IAS 27 Separate Financial Statements

    IAS 28 Investments in Associates and Joint Ventures

    Amendments to IAS 12 Income Taxes - Deferred Tax: Recovery of Underlying Assets

    IFRIC Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine

    Amendments to IFRS 7 Financial Instruments: Disclosures - Offsetting Financial Assets and Financial Liabilities

    Amendments to IAS 32 Financial Instruments: Presentation - Offsetting Financial Assets and Financial Liabilities

    mer, 02/01/2013
  • L’Autorité des marchés financiers publie une recommandation sur l’incidence d’un changement de date de
    clôture des comptes en matière d’information financière

    mer, 02/01/2013
  • L'IASB publie un matériel éducatif pour aider à l'application de la norme IFRS 13 pour la valorisation de titres non côtés.


    ven, 21/12/2012
  • Today, staff of the International Accounting Standards Board (IASB) launched a survey on disclosures. The survey is directed at preparers and users and others interested in or affected by disclosure requirements. It is aimed at assisting the IASB to gain a clearer picture on the perceived "disclosure problem" in advance of the IASB's forthcoming public Discussion Forum on that matter. The public forum will take place on 28 January 2013 in London, UK.

    All responses to the survey will be confidential and no information published will be attributable to any individual or organisation. The survey will take around 10 minutes to complete (depending on the amount of additional information you may wish to provide).

    To allow sufficient time to evaluate results in advance of the Discussion Forum, the survey closes on 15 January 2013.

    The survey can be accessed via this link.

    For more information about the Discussion Forum, click here.

    ven, 21/12/2012
  • L'ANC publie une recommandation pour l'établissement d'annexes IFRS pour les sociétés moyennes et petites

    ven, 21/12/2012