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Martin Edelmann appointed as member of the IASB
May 18, 2012
The Trustees of the IFRS Foundation announced the appointment of Martin Edelmann as a member of the IASB for an initial five-year term from 1 July 2012. The term is renewable for a further three years.
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Notes from the May IFRS Interpretations Committee meeting
May 17, 2012
The IFRS Interpretations Committee met in London on 15-16 May 2012. In its active projects, the Committee decided to issue a draft Interpretations on put options over non-controlling interests and levies charged to operate in a specific market, explore a limited scope amendment to IAS 12 in relation to single-asset entities, develop a possible Interpretation on contingent pricing based on the conclusions in the IASB's leasing project, and develop possible amendments to IFRIC 12 in relation to accounting for contractual costs to be incurred by an operator in a service concession arrangement. The Committee also discussed a number of other issues.
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IASB concludes the 2009-2011 Annual Improvements cycle
May 17, 2012
The IASB issued 'Annual Improvements 2009-2011 cycle', a collection of amendments to IFRSs, in response to issues addressed during the 2009–2011 cycle. Five standards are primarily affected by the amendments, with consequential amendments to numerous others.
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IOSCO restructures
May 17, 2012
The International Organization of Securities Commissions (IOSCO), the worldwide association of national securities regulatory commissions, is currently holding its annual conference in Beijing, and has announced a restructure of its governance structure, operations and funding.
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IFRS Foundation translation update
May 15, 2012
The IFRS Foundation has announced the publication of the Arabic translation of IFRS for SMEs training Module 22 'Liabilities and Equities'.
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Deloitte comment letters on two IFRS Interpretations Committee tentative agenda decisions
May 15, 2012
Deloitte's IFRS Global Office has submitted two letter of comment to the IFRS Interpretations Committee on (1) Tentative agenda decision: IAS 1 Presentation of Financial Statements and IAS 12 Income Taxes – Presentation of payments of non-income taxes and (2) Tentative agenda decision: IAS 12 Income Taxes – Accounting for market value uplifts introduced by a new tax regime.
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Agenda for May 2012 IASB meeting
May 15, 2012
The IASB will be holding its May 2012 meeting on 21-24 May 2012 in Norwalk, CT, USA, part of it a joint meeting with the FASB.
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Agenda for May 2012 IASB 'education session'
May 15, 2012
The IASB has released the agenda for its meeting to be held on Thursday 17 May 2012. Most of the meeting will be an education session, however the IASB will also consider the next process step in the macro hedge accounting project (i.e. whether to issue a Discussion Paper or Exposure Draft).
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Two new members of the IFRS Interpretations Committee, two members reappointed
May 14, 2012
The Trustees of the IFRS Foundation have announced today the appointments of Sandra Peters and John O’Grady as new members of the IFRS Interpretations Committee and the reappointments of Laurence Rivat and Kazuo Yuasa.
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Reports on the European outreach events on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting of Income Tax'
May 14, 2012
The European Financial Reporting Advisory Group (EFRAG) has posted to its website a feedback statement reflecting input received in the EFRAG - UK ASB - OIC event on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting of Income Tax' held on 16 April 2012 in London.
