We now turn to the European endorsement process and the work of enforcers. IFRS 15 and IFRS 9 are scheduled for endorsement by the European Commission before the end of the year, and ESMA has published recommendations for disclosures on the IFRS 15 transition process. A similar publication relating to IFRS 9 is expected.
In addition to its major projects, the IASB is continuing with its maintenance of existing standards. In this issue, Beyond the GAAP focuses on the proposed amendments to IFRS 3 following the Post-implementation Review of the Business Combinations standard.