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Resources from IASB-Related Organisations
Reference Materials (Chronological)
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August 2008 Presentation at American Accounting Association 2008 annual meeting on ideas for introducing IFRSs into university accounting curricula, plus a detailed list of IFRS resources available to accounting educators from a variety of sources, most without charge, many with hyperlinks to source documents:
May 2008 AICPA Launches www.ifrs.com Website (PDF 46k).
May 2008 AICPA Council Resolution (PDF 50k) recognising the IASB as a standard-setter under Rule 202 and Rule 203 of the AICPA Code of Professional Conduct.
April 2008 CFA Institute's Statement (PDF 57k) reiterating their "strong support of FASB and IASB and their discussion paper endorsing the broad use of fair value measurement for financial instruments".
April 2008 8 April 2008 presentation by IASCF Chairman Gerrit Zalm before the Economic and Monetary Affairs Committee of the European Parliament: Click for Mr Zalm's Prepared Statement (PDF 52k).
April 2008 Statement of the G-7 Finance Ministers and Central Bank Governors (PDF 23k) seeking urgent action by the IASB to improve the accounting and disclosure standards for off-balance sheet entities and enhance guidance on fair value accounting, particularly on valuing financial instruments in periods of stress.
February 2008 American Acconting Association report Accounting Faculty in US Colleges and Universities: Status and Trends, 1993-2004 (PDF 198k).
February 2008 IOSCO Statement (PDF 32k) urging publicly traded companies to state clearly whether they comply in full with IFRSs as adopted by the IASB or, if the standards they use are not 100% compliant with the latest IFRSs, explain any differences.
January 2008 Study by the French Asset Management Association and the French Federation of Insurance Companies on Investor Perspectives on IFRS Implementation. Click to download the English or French version:
January 2008 Accountancy Magazine Interview with Sir David Tweedie (PDF 202k). The article is copyrighted by Wolters Kluwer (UK) Ltd. We are grateful to Accountancy Magazine for giving us permission to post it on IAS Plus.
January 2008 US GAO Report: Continued Concentration in Audit Market for Large Public Companies Does Not Call for Immediate Action
January 2008 Paper on Principles-Based Accounting Standards (PDF 607k) jointly published by the six largest global accounting networks.
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December 2007 IASC Foundation publishes Revised Constitution (PDF 85k) reflecting changes relating to expansion of IFRIC to 14 members.
November 2007 US SEC votes to allow foreign companies to submit financial statements using IFRSs without having to include a reconciliation of the IFRS data to US GAAP:
November 2007 Joint Statement (PDF 72k) of the European Commission, the Financial Services Agency of Japan, the International Organization of Securities Commissions (IOSCO), and the US Securities and Exchange Commission proposing a new monitoring body within the governance structure of the IASC Foundation.
October 2007 Statement of IASB Chairman Sir David Tweedie (PDF 38k) at a US Senate Subcommittee on Securities, Insurance, and Investment hearing on International Accounting Standards: Opportunities, Challenges, and Global Convergence Issues.
August 2007 SEC Concept Release on Allowing US Issuers to Prepare Financial Statements in Accordance with IFRSs (PDF 571k).
August 2007 United Nations Conference on Trade and Development (UNCTAD) case studies of practical implementation issues for IFRSs in three countries, plus overview prepared by the UNCTAD secretariat:
June 2007 US SEC Proposal to Eliminate the Reconciliation from IFRSs to US GAAP (PDF 296k) for those non-US registrants submitting financial statements in accordance with IFRSs as adopted by the IASB.
June 2007 World Federation of Exchanges Letter to IOSCO (PDF 240k) reaffirming the WFE's strong support of IFRSs.
April 2007 IASC Foundation Proposal for Enlarging the International Financial Reporting Interpretations Committee. Related Press Release (PDF 297k).
April 2007 Statement of IASB Chairman Sir David Tweedie (PDF 51k) to the Economic and Monetary Affairs Committee of the European Parliament.
March 2007 IASB Chairman Sir David Tweedie delivers the Ken Spencer Memorial Lecture at the University of Melbourne, Australia. The title: "Keep it simple, stupid!" Can global standards be principle-based?
March 2007 Oxford University Press publishes Financial Reporting and Global Capital Markets: A History of the International Accounting Standards Committee, 1973-2000, by Kees Camfferman and Stephen A. Zeff. Promotional Flyer and Order Form (PDF 71k). Book's Web Page.
February 2007 IASB publishes a Proposed IFRS for SMEs to provide a simplified, self-contained set of accounting principles that are appropriate for smaller, non-listed companies and are based on full IFRSs, developed primarily for listed companies.
February 2007 WoltersKluwer/CCH publish The International Accounting Standards Committee: A Political History, by Robert J. Kirsch, 465 pages, ISBN: 978-1-84140-608-4. Product code: UP/KIRSCH-BI7001. Order by email: customerservice@cch.co.uk.
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November 2006 Global Capital Markets and the Global Economy – A Vision From the CEOs of the International Audit Networks (PDF 1,961k).
September 2006 International Forum of Independent Audit Regulators (IFIAR) is established. Press Release (PDF 65k).
August 2006 US Securities and Exchange Commission and the Committee of European Securities Regulators (CESR) joint work plan on financial reporting:
May 2006 IASC Foundation invites comments on IFRIC due process:
April 2006 IASB Due Process Handbook (PDF 463k).
April 2006 IASB releases Statement of Best Practice: Working Relationships between the IASB and other Accounting Standard-Setters (PDF 166k).
February 2006 Updated FASB-IASB memorandum of understanding on convergence:
February 2006 Accounting Standards in 2015 (PDF 267k) in A Plus (Hong Kong Institute of CPAs) January 2006.
February 2006 Interview with IAS Plus Webmaster Paul Pacter (PDF 399k) in The Accountant (Malta) Winter 2005 issue. The interview covered IASB standards for SMEs and a range of other IFRS-related issues.
January 2006 Sir David Tweedie Speech Before EU Parliamentary Committee (PDF 52k)
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December 2005 Global Economic Outlook 2006 from Deloitte Research (PDF 705k)
November 2005 Joint Statement of IASB and Chinese Ministry of Finance (PDF 11k) on progress toward IFRS convergence in China.
November 2005 The United Nations Conference on Trade and Development Review of Practical Implementation Issues of International Financial Reporting Standards (PDF 619k).
October 2005 Communiqué of Asia-Oceana Regional Forum on IFRS (PDF 13k). The goal of the forum is to enhance regional cooperation and coordination in implementing IFRSs.
September 2005 Memorandum of Understanding (PDF 21k) signed by standard seters from China, Japan, and Korea, regarding convergence with IFRSs.
August 2005 Presentation by Andreas Barckow, Deloitte Germany's national IFRS leader, on the Implications of EU Adoption of IFRSs on Practice (PDF 258k) at the International Accounting Section luncheon at the annual meeting of the American Accounting Association on 8 August 2005.
July 2005 Record of Endorsement of the Revised Fair Value Option (PDF 39k) by the European Commission's Accounting Regulatory Committee (eliminating one of the two EC IAS 39 'carve-outs').
July 2005 Revised IASCF Constitution (PDF 346k) approved by the IASCF Trustees at their meeting in Paris on 21 June 2005 effective 1 July 2005.
June 2005 Brief IASB Convergence Update (PDF 18k).
June 2005 The US SEC Staff Report on Off-Balance Sheet Arrangements, Special Purpose Entities, and Related Issues:
June 2005 Adoption of IFRSs in Europe (PDF 1,012k) by Paul Pacter, IAS Plus Webmaster, from the April 2005 issue of The Hong Kong Accountant.
June 2005 Interview with IASB Chairman Sir David Tweedie (PDF 97k) from the June 2005 issue of A Plus, the magazine of the Hong Kong Institute of Certified Public Accountants (copyright 2005 by HKICPA and posted with permission).
May 2005 Article titled What Exactly Is Convergence? (PDF 198k) by Paul Pacter, IAS Plus Webmaster, published in a special issue of the International Journal of Accounting, Auditing and Performance Evaluation (copyright 2005 by Inderscience and posted with permission).
April 2005 Article titled A Securities Regulator Looks at Convergence (PDF 228k) by SEC Chief Accountant Donald T. Nicolaisen setting out a 'roadmap' toward convergence of IFRSs and US GAAP.
Mar 2005The IASB and accounting standard-setting bodies around the world are seeking comments on a draft Memorandum of Understanding on the role of national and regional accounting standard-setting bodies and their future relationships with the IASB:
Feb 2005IASC Foundation Chairman Paul Volcker addresses the European Commission's Accounting Regulatory Committee concerning the IASC Foundation Constitution Review:
Feb 2005IOSCO Technical Committee 'Re-Endorsement' of IFRSs (PDF 94k).
Jan 2005IAASB Issues New Standard for the Form of an Auditor's Report and Addresses Issues of International Comparability (PDF 134k).
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Dec 2004Basel Committee statement: Capital Treatment of Certain Items under IFRS (PDF 87k).
Nov 2004US SEC Division of Corporation Finance: Nov. 2004 SEC International Financial Reporting and Disclosure Issues (PDF 362k).
Sep 2004IFAC Report: Challenges and Successes in Implementing International Standards: Achieving Convergence to IFRSs and IASs (PDF 181k).
Jul 2004FASB Response to July 2003 SEC Staff Report to Congress on a Principles-Based Accounting System (PDF 97k).
12 Jul 2004Evolution of US Generally Accepted Accounting Principles (PDF 75k). Outline of a presentation by Professor Stephen A. Zeff, Rice University, at an International Symposium on Accounting Standards sponsored by the Ministry of Finance of the People's Republic of China, Beijing, 12 July 2004. Posted with Prof. Zeff's kind permission.
9 Jun 2004Basel Committee Recommendation (PDF 18k) that certain items reported in equity under IAS 39 not be included in a bank's Tier I or Tier II capital for regulatory purposes.
11 May 2004Fitch Ratings Study of the Impact of IFRS 4 Insurance Contracts (PDF 209k).
30 Apr 2004The revised OECD Principles of Corporate Governance principles support the adoption of either internationally recognised accounting standards or domestic accounting standards that are consistent with international standards. Download:
9 Mar 20042003 Annual Review of Financial Reporting Matters, by Huron Consulting Group (PDF 230k), posted with the kind permission of Huron.
6 Mar 2004Report of the American Assembly on Future of the Accounting Profession (PDF 836k).
11 Feb 2004IASC Foundation forms European consultative group on accounting issues affecting financial institutions. Press Release (PDF 27k).
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7 Nov 2003Report of IASB Chairman Sir David Tweedie to the trustees of the IASC Foundation (PDF 99k)
25 Jul 2003SEC Study on Principles-Based Standards:
16 Jul 2003Endorsement by EC Accounting Regulatory Committee of all IAS for use in Europe other than IAS 32 and IAS 39. ARC Meeting Summary (PDF 21k).
3 Jun 2003Testimony on hearings on accounting for stock options before the United States House of Representatives Committee on Financial Services, Washington, DC:
17 May 2003Statement (PDF 10k) of the G8 Finance Ministers endorsing IAS.
10-14 Mar 2003Deloitte unofficial summaries of the IASB's IAS 39 roundtable sessions:
14 Feb 2003Questions that IASB asked participants to address at its public roundtable discussions of IAS 32 and IAS 39 on 10-14 March 2003 (PDF 74k).
13 Feb 2003GAAP Convergence 2002 -- a survey of national efforts to promote convergence with IFRS.
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31 Dec 2002Joint Letter from three former Chief Accountants of the US Securities and Exchange Commission to the new US Public Company Accounting Oversight Board proposing a three-point program to restore investor confidence in the US capital markets.
22 Nov 2002Press Release (PDF 49k) from Institute of Chartered Accountants of New Zealand regarding adoption of IFRS in New Zealand by 2007.
19 Nov 2002 "Accounting, Accountants, and Accountability in an Integrated World Economy": Remarks of Paul Volcker, (PDF 19k) Chairman of the Trustees of the IASC Foundation, at the World Congress of Accountants, Hong Kong.
4 Nov 2002
29 Oct 2002
28 Oct 2002 International Auditing and Assurance Standards Board (IAASB) exposure draft of International Auditing Practice Statement (IAPS), Reporting on Compliance with International Financial Reporting Standards:
27 Oct 2002Press Release (PDF 21k) on creation of IFAC Task Force on Rebuilding Public Confidence in Financial Reporting
25 Oct 2002US States General Accounting Office report on Financial Statement Restatements, Trends, Market Impacts, Regulatory Responses, and Remaining Challenges:
18 Oct 2002IOSCO papers on disclosure, independence, auditor oversight:
9 Oct 2002 Survey of institutional investors by Makinson Cowell on disclosure shortcomings and the need for major revisions to or replacement of US generally accepted accounting principles:
3 Oct 2002Comparison of IFRS and GAAP in People's Republic of China (PDF 346k).
30 Sept 2002Introduction to IAS in Danish (PDF 1640k).
16 Aug 2002Proposed European Community Directive (PDF 268k) on a uniform prospectus to be used for securities offerings throughout Europe.
30 July 2002US Public Company Accounting Reform and Investor Protection Act of 2002 (Sarbanes-Oxley Act of 2002):
18 July 2002Comparison of IFRS and United States GAAP (PDF 453k).
17 July 2002The Association for Investment Management and Research wants FASB to follow IASB's plan to require companies to recognise the fair value of stock options given to employees as compensation expense. AIMR Press Release (PDF 86k).
8 July 2002Report of a subcommittee of the US Senate on The Role of the Board of Directors in Enron's Collapse. Download (PDF 302k).
2 July 2002Testimony (PDF 70k) of IASB Chairman Sir David Tweedie to the United Kingdom Parliament Select Committee on Treasury of the House of Commons, on accounting matters recently in the news.
25 June 2002Remarks of Paul Volcker (PDF 123k), Chairman of the IASB's Board of Trustees, at a Conference on Credible Financial Disclosures, Northwestern University.
21 June 2002Canadian Securities Administrators Proposal (PDF 8k) to allow certain foreign issuers to use IAS.
6 June 2002European regulation requiring IAS for listed companies by 2005:
6 June 2002Recommendations on corporate governance of the NY Stock Exchange Corporate Accountability and Listing Standards Committee:
31 May 2002IASB Press Release on Asset Ceiling Amendment to IAS 19 (PDF 12k).
30 May 2002IOSCO Cautionary Statement (PDF 44k) on presenting and interpreting non-GAAP measures of results.
23 May 2002IASB Press Release on Final Preface to IFRS (PDF 29k).
15 May 2002The European Commission's recommendations regarding auditor independence:
15 May 2002IASB Press Release on Improvements Exposure Draft.
7 May 2002FEE Position Paper on the Role of Accounting and Auditing in Europe (PDF 178k).
26 Apr 2002Enforcement of IFRS in Europe: FEE Discussion Paper (PDF 281k) and FEE Press Release (PDF 156k).
24 Apr 2002FAF Press Release (PDF 31k) on change of FASB voting requirement to simple majority and reorganisation of FASB staff.
24 Apr 2002IASB member Robert Herz appointed chairman of FASB. FASB Press Release (PDF 17k).
25 Mar 2002IASB Press Release on SIC 32 (PDF 31k).
25 Mar 2002AICPA Strategic Plan (PDF 82k) for greater involvement with IASB.
19 Mar 2002The Road to Reform (PDF 2.151mb), a 'white paper' from the US Public Oversight Board on legislation to create a new private-sector regulatory structure for the accounting profession. [Large file - slow download using a modem.]
12 Mar 2002"Towards Global Financial Reporting Standards: A Critical Pillar in the International Financial Architecture": Remarks (PDF 69k) of Andrew Crockett, General Manager of the Bank for International Settlements and Chairman of the Global Stability Forum.
10 Mar 2002Deloitte Touche Tohmatsu Letter [PDF 11k] expressing 'serious concern' about the shortness of the 30-day comment period on IASB's exposure draft proposing to amend the asset ceiling of IAS 19.
6 Mar 2002 "Accounting in Crisis": Remarks of Paul Volcker, (PDF 22k) Chairman of the Trustees of the IASC Foundation, at the European Commission.
25 Feb 2002IASB's first exposure draft on an accounting issue, Amendment to IAS 19, Employee Benefits: The Asset Ceiling. IASB Press Release [PDF 12k].
17 Feb 2002Accounting/auditing reform legislation, known as the Corporate and Auditing Accountability, Responsibility, and Transparency Act (H.R.3763), introduced in the US Congress:
15 Feb 2002 IASB Chairman Sir David Tweedie and IASC Foundation Chairman Paul Volcker testified at a hearing conducted by the US Senate Committee on Banking, Housing, and Urban Affairs on 14 February 2002 on "Accounting and Investor Protection Issues Raised by Enron and Other Public Companies: International Accounting Standards and Necessary Reforms to Improve Financial Reporting". Sir David's Statement (PDF 108k) and Mr. Volcker's statement (PDF 39k).
28 Jan 2002 US SEC statement on disclosure requirements for liquidity and capital resources including off-balance sheet arrangements; certain trading activities that include non-exchange traded contracts accounted for at fair value; and effects of transactions with related and certain other parties:
25 Jan 2002 IASB proposes to amend IAS 19 to correct an anomaly. Press Release (PDF 10k).
Jan 2002
Various dates		 The US Public Oversight Board (POB) decision to terminate operations not later than 31 March 2002:
9 Jan 2002 The Big 5 and the AICPA have also jointly issued an Assessment of Risk Factors for 2001 Financial Statements (PDF 52k).
7 Jan 2002 Big 5 Petition to SEC to require more disclosure about liquidity, capital resources, non-exchange traded contracts, SPEs, and relationships and transactions with related parties (PDF 105k).
7 Jan 2002 FEE study urges EU to adopt International Standards on Auditing. Study (PDF 160k). FEE Press Release (PDF 35k).
2 Jan 2002 IASB Press Release on SIC 27 to 33 (PDF 42k).
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12 Dec 2001 EFRAG Technical Expert Group Report to the European Commission (PDF 74k) on consistency between IAS 1 to 41 (and related SIC) and the 4th and 7th Directives.
16 Nov 2001 Correspondence (PDF 43k) between Paul Volcker and Congressman Oxley relating to accounting for share-based payments.
14 Nov 2001 Presentations at SEC Historical Society Conference discuss IASs:
14 Nov 2001 Presentation by Michel Prada on European Capital Markets Following the Adoption of IAS by the EU (PDF 43k).
Nov 2001 Exposure Draft of a Proposed Changes to IASC Foundation Constitution (PDF 21k)
8 Nov 2001 IASB Exposure Draft of a revised Preface to IFRS:
27 Oct 2001 Amended Directives of the European Union to permit European companies to comply with IAS 39 and the Directives. Click to Download (PDF 118k).
25 Oct 2001 Federation of European Accountants (FEE) study of applying IAS 19, Employee Benefits:
21 Sept 2001 IASB invites comment on G4+1 Discussion Paper on share-based payments (stock compensation). IASB Press Release (PDF 33K).
12 Sept 2001 IASB press release on SIC Draft Interpretations 33 and 34 (PDF 25k).
10 Sept 2001 Two stories by Tom Ravlic from Melbourne Age on the urgency of Adopting IAS 39 in Australia.
23 Aug 2001 Fair value accounting for financial instruments: Shining a Light on Company Accounts (PDF 61k) from The Economist, 16th August 2001.
16 Aug 2001 IASB press release announcing IASB's Initial Technical Agenda.
26 July 2001 The US SEC released updated guidance on international financial reporting and disclosure issues. The Full Text of the Guidance (PDF 487k) is here.
10 July 2001 EU-Japan Business Dialog Roundtable (Press Release, PDF 15k) calls for the "EU and Japan to work together to ensure that IAS are applied at the earliest possible date".
9 July 2001 IASB press release on SIC Draft Interpretations 28 to 32 (PDF 44k).
3 July 2001 IASB issues a consolidated document that includes the five batches of questions and answers approved in final form by the IAS 39 Implementation Guidance Committee as of 1 July 2001: Download the Combined Batch 1-5 Publication (PDF 1,053k), containing over 200 final Q&A.
28 Jun 2001 Appointment of Kevin Stevenson as IASB Director of Technical Activities and Wayne Upton as Research Director: IASB News Release (PDF 14k).
26 Jun 2001 Appointment of European Technical Expert Group and Supervisory Board (EFRAG):
25 Jun 2001 Standards Advisory Council Members announced by IASC Trustees (PDF 24k).
7 Jun 2001 Testimony at US Congressional hearing on capital markets and IAS
1 Jun 2001 Update on European Commission Financial Services Action Plan (PDF 69k).
31 May 2001 European Commission Press Release on approval by the Council and the Parliament of amendments to the 4th and 7th Directives (PDF 24k).
30 May 2001 The European Commission has issued a Proposed Directive on Prospectuses prescribing the structure and minimum disclosure content of securities offering documents (prospectuses). The proposal would introduce a "single passport" to raising capital in Europe. There would be only one prospectus approved by the home jurisdiction authority of the issuer, which would have to be accepted throughout the EU for public offer and/or admission to trading on regulated markets. Click to download the Full Text of EC Proposal (PDF 103k).
30 May 2001 The European Commission has adopted a Recommendation on recognition, measurement, and disclosure of environmental liabilities and expenditures in the annual accounts and annual reports of EU companies:
28 May 2001 International Accounting Standards and the US Capital Markets, speech by SEC Professional Accounting Fellow Travis Gilmer at a Conference on IAS organised by the Oslo Stock Exchange, Oslo, Norway, 28 May 2001 (speech removed from SEC website, no longer available).
15 May 2001 Adopted Text of amendments to 4th and 7th European Directives to enable listed companies to follow IAS 39 in their consolidated financial statements.
8 May 2001 IASB news release on the upcoming IASB Meeting with Chairs of 8 National Accounting Standard Setters (PDF, 25k).
1 May 2001 The World According to GAAP: "Global capital markets cannot work without uniform, high-quality financial reporting standards", writes former SEC Chairman Arthur Levitt, Financial Times.
Apr 2001 FEE Study: Enforcement Mechanisms in Europe (PDF 267k).
Apr 2001 FEE Discussion Paper: Modernisation of the Accounting Directives (PDF 114k).
27 Apr 2001 Former FASB Chairman Dennis R. Beresford, writing in Accountancy Age, makes a plea for generalised accounting standards. "Accountants should encourage the new IASB to emphasise a principles-based approach. Further, as part of the commitment to convergence, it is time for the FASB and SEC to change their behaviour and become more like the rest of the world."
26 Apr 2001 The Report of the Multidisciplinary Working Group on Enhanced Disclosure (PDF 288k) sets out recommendations on how public disclosure practices of financial institutions might be improved. The recommendations are the product of a joint venture sponsored by the Basel Committee on Banking Supervision, the Committee on the Global Financial System of the G-10 central banks, the International Association of Insurance Supervisors, and the International Organisation of Securities Commissions.
26 Apr 2001 Financial Reporting Challenges (PDF 48k), remarks of SEC Commissioner Isaac C. Hunt, Jr., at the Financial Executives International Benchmarking the Quality of Earnings Program, New York, NY.
19 Apr 2001 In February the European Commission proposed that listed companies be required to apply IAS in their consolidated accounts from the financial year 2005 onwards. The Federation des Experts Comptables Europeens (FEE), which represents the accounting profession in Europe, points out that compliance with the existing EC Accounting Directives would continue to be required and there are incompatibilities between the Directives and IAS. FEE sees an "urgent need for modernisation of the Directives". FEE has published a Discussion Paper on the Modernisation of the Directives (PDF, 114k). The paper discusses both the strategic and technical issues that are at stake and gives the advantages and disadvantages of the various approaches for modernisation. Click for FEE Press Release.
12 Apr 2001 Response of the Association for Investment Management and Research (financial analysts) to European EFRAG proposal (see 21 Mar 2001 below).
6 Apr 2001 "The Accounting Profession's Obligation to Global Investors: Quality Investor Information Through Quality Audits," Remarks of Lynn E. Turner, Chief Accountant, U.S. Securities & Exchange Commission (PDF 86k), at the Third European FASB-SEC Financial Reporting Conference, Frankfurt, Germany. Includes comments on restructured IASB.
21 Mar 2001 A broad group of organisations representing the European accounting profession, preparers, users, and national standard-setters has proposed to organise a private-sector structure that would (a) provide input to the IASB and (b) assess IAS and SIC Interpretations. The structure would be known as EFRAG: the European Financial Reporting Advisory Group. Click for Proposal (PDF 73k).
19 Mar 2001 Deloitte Touche Tohmatsu publishes a booklet summarising and analysing the issues in the IASC Extractive Industries Issues Paper from the perspective of mining enterprises. Click to Download (PDF, 519k).
19 Mar 2001 Canadian securities regulators consider whether to allow Canadian and foreign companies to file using IAS or US GAAP instead of Canadian GAAP. Joint request for comments:
8 Mar 2001SEC Chief Accountant Lynn Turner's article in the Financial Times on The 'Best of Breed' Standards: "Globalising accounting standards challenges the profession to fulfill its obligation to investors".
2 Mar 2001Robert A. Bayless, Chief Accountant of the SEC Division of Corporation Finance, provides views on SEC Financial Reporting Issues in 2001.
23 Feb 2001IASC Chairman's and Secretary-General's Review, excerpted from IASC's annual review for 2000 (PDF 33k).
22 Feb 2001IASC issues IAS 41, Agriculture. IASC Press Release (PDF 30k).
21 Feb 2001IASC releases XBRL taxonomy. Click here for Press Release.
13 Feb 2001European Commission Proposal to Require IAS in Consolidated Financial Statements of Listed Companies by 2005:
Feb 2001European Commission Study: Examination of the Conformity Between SIC 1 to SIC 25 and the European Accounting Directives (PDF 58k).
2 Feb 2001G4+1 Announcement that it is disbanding and will not publish further studies or meet again. (PDF 29k)
30 Jan 2001IASC has released an electronic version of its Extractive Industries Issues Paper:
25 Jan 2001FASB News Release on Appointment of Anthony T. Cope and James J. Leisenring to the IASB (PDF 14k)
25 Jan 2001SEC Chairman Levitt Congratulates IASC on Selection of New Board Members (PDF 8k)
25 Jan 2001IASC Press Release Announcing New IASC Board (PDF 62k).
19 Jan 2001Statement of IFAC About the GAAP 2000 Report (PDF 82k).
18 Jan 2001IFAD study of convergence with IAS in 53 countries. GAAP 2000 Report (PDF 285k).
15 Jan 2001Financial Instruments: IASB has released, for comment, the JWG Draft Standard and Basis for Conclusions proposing full fair value for all financial instruments and similar items:
15 Jan 2001IASC's IAS 39 Implementation Guidance Committee publishes 164 Q&A Guidance on IAS 39. Superseded by publication of Batches 1-5 - see 3 July 2001 above.
9 Jan 2001Trustees invite Nominations for Standards Advisory Council Membership. (PDF 5k)
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30 Dec 2000IASC Board Statement on transition to the new IASC Board (PDF 61k)
Dec 2000Study by The European Federation of Accountants (FEE): Accounting Standard Setting in Europe. (PDF 209k)
14 Dec 2000IASC Press Release: Joint Working Group Draft Standard on Financial Instruments (PDF 34k)
7 Dec 2000Global Accounting Standards – Achieving the Goal, a study on convergence of UK GAAP and IAS, published by the Institute of Chartered Accountants in England and Wales
5-6 Dec 2000Speeches on IAS at the 28th AICPA National Conference on SEC Developments
30 Nov 2000IASC Press Release: Extractive Industries (PDF 41k)
21 Nov 2000IASC Press Release: Limited Revisions to IAS 12, 19, 39 (PDF 27k)
21 Nov 2000IASC Press Release: SIC Interpretations 19 and 24 (PDF 33k)
21 Nov 2000New SEC Auditor Independence Rules Effective 5 Feb 2001 (PDF 2,018k)
11 Nov 2000EU Financial Services Priorities and Progress (PDF 99k)
20 Oct 2000IASC Press Release: SIC Draft Interpretation D27, Lease and Leaseback Transactions (PDF 27k)
27 Sep 2000IASC Press Release: SIC Draft Interpretation D26, Results of Incidental Operations (PDF 16k)
19 Sep 2000IASC Press Release: Implementation Guidance on IAS 39, Financial Instruments - First 100 Q&A (PDF 16k)
21 July 2000US AICPA Public Oversight Board (POB) Panel on Audit Effectiveness
11 July 2000IASC Press Release: SIC Issues Interpretations 20, 21, 22, 23, 25 (PDF 36k)
July 2000IASC Press Release: G4+1 Study on Share Based Payments (Stock Compensation) (PDF 25k)
29 Jun 2000IASC Press Release: Trustees Name Sir David Tweedie First Chairman of Restructured IASC (PDF 32k)
23 Jun 2000Financial Executives Institute Urges SEC to Accept IAS as the Only Alternative to US GAAP (PDF 8k)
13 Jun 2000EU Financial Reporting Strategy: The Way Forward (PDF 34k)
5 Jun 2000FASB and FAF Responses to SEC Concepts Release (PDF 191k)
25 May 2000IASC Response to SEC Concepts Release (PDF 20k)
24 May 2000IASC Press Release: IASC Members Unanimously Approve Restructuring (PDF 23k)
22 May 2000IASC Press Release: Selection of Initial Trustees of Restructured IASC (PDF 26k)
22 May 2000Deloitte Touche Tohmatsu Comment Letter to the SEC: SEC Concept Release on International Accounting Standards
17 May 2000IOSCO Endorsement: Complete Report of IOSCO Endorsement of IAS (PDF 1,381k), including:
  • Appendix A, Resolution and list of IASC 2000 Standards
  • Appendix B, Summary of remaining outstanding issues by supplemental treatment
  • Appendix C, Summary of remaining outstanding substantive issues by standard
  • Appendix D, Press Release and Index
17 May 2000IASC Press Release: IOSCO Endorses IAS (PDF 23k)
15 May 2000Speech on IAS by SEC Commissioner Isaac C. Hunt, Jr.: Current SEC International Accounting and Selective Disclosure Developments (PDF 55k)
3 May 2000IASC Press Release: IAS 40, Investment Property (PDF 25k)
May 2000New IASC Constitution
7 Apr 2000IASC Press Release on Basel Committee 'Endorsement' (PDF 25k)
Apr 2000Basel Committee Report to G7 Finance Ministers and Central Bank Governors on IAS (PDF 146k)
24 Mar 2000Speech by US SEC Chief Accountant Lynn E. Turner: International Reporting Issues (PDF 82k)
20 Mar 2000IASC Press Release: Thomas E. Jones Elected Chairman of IASC Starting 1 July (PDF 23k)
18 Feb 2000European Commission Study: Examination of the Conformity Between International Accounting Standards Applicable to Accounting Periods Beginning Before 1 July 1999 and the European Accounting Directives (PDF 22k).
18 Feb 2000SEC Concept Release on International Accounting Standards (PDF 413k)
26 Jan 2000IASC Press Release: SIC Interpretations 17 and 18 (PDF 14k)
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Nov 1999Strategy Working Party Final Report, Recommendations on Shaping IASC for the Future (PDF 89k)
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Dec 1998Strategy Working Party Discussion Paper, Shaping IASC for the Future:
E A R L I E R
October 1994Presentation by IASC Chairman Eiichi Shiratori (PDF 1,728k) on Eficiencies in Multinational Securities Offerings: How to Promote International Harmonisation of Accounting Standards. Mr Shiratori urged IOSCO to change its approach to 'endorsing' IASs.
June 1994Letters dated 17 June 1994 from IOSCO to IASC Chairman Eiichi Shiratori reporting the results of IOSCO's review of the suitability of individual IASs for financial statements in cross-border securities offerings. These letters are sometimes called the 'Shiratori Letters':
August 1993IOSCO Letter to IASC Chairman Eiichi Shiratori (PDF 18k) setting out minimum 'core standards'.
June 19731973 Agreement to form the IASC (PDF 62k).
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