This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version. Please upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

January

Extractive industries issues paper available electronically

31 Jan 2001

IASC has released an electronic version of the Extractive Industries Issues Paper (ZIP 568k).

There is also a separate Issues Summary (PDF 198k).

Members of International Accounting Standards Board appointed

29 Jan 2001

The IASC Foundation Trustees have announced the appointment of the new, 14-member International Accounting Standards Board (IASB).

Membership of the International Accounting Standards Board (IASB):

  • Sir David Tweedie, Chairman
  • Thomas E. Jones, Vice Chairman
  • Mary E. Barth
  • Hans-Georg Bruns - Liaison to German Standard Setter
  • Anthony T. Cope
  • Robert P. Garnett
  • Gilbert Gelard - Liaison to French Standard Setter
  • Robert H. Herz
  • James J. Leisenring - Liaison to US Standard Setter
  • Warren McGregor - Liaison to Australian and New Zealand Standard Setters
  • Patricia O'Malley - Liaison to Canadian Standard-Setter
  • Harry K. Schmid
  • Geoffrey Whittington - Liaison to UK Standard Setter
  • Tatsumi Yamada - Liaison to Japanese Standard Setter

 

Ms. Barth and Mr. Herz will serve part time, the others full time. Click for:
International Accounting Standards Board is the new name of the board. IASB is expected to hold its first meeting in April 2001.

 

January 2001 edition of IASPlus Newsletter is published

24 Jan 2001

We have posted the January 2001 edition of the -->IAS PLUS --> newsletter. .

We have posted the January 2001 edition of the IAS PLUS newsletter.

IASC publishes an index to IAS 39 guidance

24 Jan 2001

IASC has posted an Index to IAS 39 Guidance Q&A. .

IASC has posted an Index to IAS 39 Guidance Q&A.;

French COB recommends preparing for IAS now

22 Jan 2001

The French securities regulator COB has issued a Bulletin recommending that French listed companies commence without delay their preparations for the transition to IAS by 2005 and reminding the companies that they will have to present comparative figures for 2003 and 2004. .

The French securities regulator COB has issued a Bulletin recommending that French listed companies commence without delay their preparations for the transition to IAS by 2005 and reminding the companies that they will have to present comparative figures for 2003 and 2004.

Global quality standards for transnational audits

21 Jan 2001

Twenty-three international accountancy firms have begun to develop a Global Quality Standard for firms conducting transnational audits.

The intention is to ensure consistent, high-quality auditing practices worldwide as a means of protecting the interests of cross-border investors and of promoting financial market stability. IFAC has created a Forum of Firms whose members must agree to conform to the Forum's Global Quality Standard, and to subject their assurance work to periodic external reviews. Click for (PDF 65k).

IASPlus information for 12 countries has been updated

19 Jan 2001

We have updated the Country-by-Country Information to reflect recent standards-setting activity in Australia, Brunei Darussalam, China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Pakistan, Philippines, Singapore, and Vietnam. .

We have updated the Country-by-Country Information to reflect recent standards-setting activity in Australia, Brunei Darussalam, China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Pakistan, Philippines, Singapore, and Vietnam.

Comparison of IAS and national GAAP in 53 countries

18 Jan 2001

As part of their commitment to implementing the Vision of the International Forum for Accountancy Development (IFAD), the large accounting firms have published a study, GAAP 2000: A Survey of National Accounting Rules in 53 Countries. The study demonstrates the continuing problems of cross-border interpretation of company financial data.

It provides an overview of some of the differences between national accounting rules and 60 key accounting measures (including a few areas of disclosure) under International Accounting Standards. The study highlights instances where a country's rules at December 2000 would not allow, or would not require, the IAS accounting treatment.

IASC publishes 164 Q&A guidance for IAS 39

16 Jan 2001

IASC has consolidated its first four batches of IAS 39 guidance into a single document with 164 Final IAS 39 Questions and Answers available on the IASC website.

The Q&A; are developed by a committee (chaired by John T. Smith of Deloitte & Touche) and exposed for public comment before final adoption.

New IASPlus page lists IASC comment deadlines

16 Jan 2001

We've added a page listing open IASC Comment Deadlines. .

We've added a page listing open IASC Comment Deadlines.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.