IFRS Insights

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.

For more information about how we can help you in understanding and applying IFRS to your specific circumstances, visit KPMG's IFRS Institute in Belgium.

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

Frederic Poesen

Partner | Audit

KPMG in Belgium

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Our latest insights

Key updates and enforcement priorities from our recent webinar

Reflecting the impacts in a company’s reporting.

Practical guide to impairment testing.

Financial reporting in uncertain times.

New IFRS® Standards: Are you ready?

Use this tool to generate your customised list of newly effective and forthcoming IFRS Standards.

Financial reporting in uncertain times

Key updates and enforcement priorities from our recent webinar

Financial reporting in uncertain times.

IASB introduces illustrative examples to drive clarity and help meet investor expectations

Financial reporting in uncertain times

What do we see?

What’s the impact on your financial reporting?

Financial reporting in uncertain times

Impact of sustainability on IFRS financials

Reflecting the impacts in a company’s reporting.

Practical guide to impairment testing.

Benchmarking insurers’ sustainability-related disclosures in the 2024 reporting cycle

Limiting ESRS and EU Taxonomy requirements to the largest companies.

Your questions answered.

IFRS 16: Leases

Understanding the initial and subsequent accounting for leases.

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.

Proposed new model to better align accounting and dynamic risk management.

Key observations from insurers’ first full-year reports under the new accounting standards

Disclosing possible impacts of the new accounting standards

Key observations from insurers’ first half-year reports under the new accounting standards

Potential impacts of the new standards begin to emerge

Our analysis of insurers’ first-quarter reporting

IASB to consider standard setting as part of its post-implementation review of IFRS 9.

IFRS 17: Insurance contracts

KPMG insights on accounting change for insurers.

Handbooks

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