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  • Report from recent IFASS meeting released

  • Jan 17, 2013

  • A report has been issued summarising the discussions at a meeting of the International Forum of Accounting Standard Setters (IFASS, formerly the NSS) held in Zurich on 22-23 October 2012. The meeting covered a broad range of topics, including the future relationships between the IASB and regional and national standard setters, topical issues in financial reporting, reports from regional groups and administrative matters.

  • Outcomes from the fourth AOSSG meeting

  • Dec 13, 2012

  • The Asian-Oceanian Standard-Setters Group (AOSSG) has released a communiqué from its meeting held in Kathmandu, Nepal on 28 and 29 November 2012. Highlights include plans for an ‘IFRS Centre of Excellence for a Developing Country’ (IFRS COEDC) in Nepal that would help Nepal to build its standard-setting capacity, the need for rapid finalisation of the IASB's project on 'bearer biological assets', and discussion on Islamic finance accounting issues.

  • Report from recent IFASS meeting released

  • Jun 04, 2012

  • The International Forum of Accounting Standards Setters (IFASS) met in Kuala Lumpur on 29-30 March 2012. A detailed report of proceedings at the meeting has now been released, outlining discussions on numerous topics such as the relationship between standard setters and the IASB, the IASB's work programme and processes, and a report on the possible adoption of IFRS in the United States noting a possible "step back".

  • More than 70 jurisdictions apply ISAs

  • Jul 11, 2011

  • On June 30 2011, Prof. Arnold Schilder, the Chairman of the IAASB, delivered a speech on global progress in the use of the Clarified International Standards on Auditing (ISAs) at the 2011 annual conference on Accounting and Accountability for Regional Economic Growth in Latin America and the Caribbean (referred to as CReCER after its Spanish/Portuguese acronym).

  • A Driving Wind for IFRS from Asia-Oceania

  • Jun 08, 2011

  • The Asian-Oceanian Standard-Setters Group (AOSSG) has published today "A Vision Paper of the Asian-Oceanian Standard-Setters Group 2011 — A Driving Wind for IFRS from Asia-Oceania".

  • Asian-Oceanian standard setters will meet

  • Oct 16, 2009

  • The first meeting of the Asian-Oceanian Standard-Setters Group (AOSSG) will take place on 4 and 5 November 2009 in Kuala Lumpur, hosted by the Malaysian Accounting Standards Board.

  • New page for first-time adopters of IFRSs

  • Mar 23, 2009

  • Many jurisdictions have announced plans to adopt IFRSs for the first time in the next few years, including Brazil, Canada, Chile, India, Japan, Korea, Malaysia, Mexico, Pakistan, and Sri Lanka, and it's under consideration in Argentina, Taiwan, and the United States.

  • Pakistan grants 'relaxation' of IAS 39

  • Feb 15, 2009

  • The Securities and Exchange Commission of Pakistan (SECP) has granted a 'relaxation' of the requirements of IAS 39 by allowing impairment losses on available-for-sale (AFS) equity securities to be charged against equity, rather than against profit or loss as IAS 39 requires.

  • Pakistan moving toward IFRS in 2009

  • Nov 07, 2008

  • The Securities and Exchange Commission of Pakistan (SECP) and the Institute of Chartered Accountants of Pakistan (ICAP) have agreed, in principle, to 'take urgent necessary steps so as to ensure full compliance with IFRS, as far as the financial statements of the listed companies (other than banks and financial institutions) are concerned', for the year ending 31 December 2009.

  • Update on accounting standards in Pakistan

  • Oct 11, 2006

  • Asad Ali Shah, a partner in the Deloitte Touche Tohmatsu member firm in Pakistan, spoke on Implementation of IFRS and SME Standards–Pakistan Experience at a meeting of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) in Geneva earlier this week.

  • Presentation on the status of IFRSs in Pakistan

  • Sep 29, 2005

  • On 27 September 2005, at a meeting in London of accounting standard setters from over 50 countries sponsored by the IASB, Deloitte Partner Asad Ali Shah (Karachi, Pakistan) presented the Status and Roadmap: Compliance with IFRS in Pakistan.

  • SEC Chairman urges full adoption of IFRSs

  • Aug 05, 2005

  • The Chairman of the Securities and Exchange Commission of Pakistan (SEC), Dr. Tariq Hassan, has urged "across-the-board adoption of the International Financial Reporting Standards (IFRSs) in order to bring transparency in the corporate sector in Pakistan".

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