March

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IASB will relocate to new offices in London

16 Mar 2001

In early June, the IASB will relocate to new offices at 30 Cannon Street in the City of London. .

In early June, the IASB will relocate to new offices at 30 Cannon Street in the City of London.

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Foreign SEC issuers may have to file electronically by year end

10 Mar 2001

From a Speech by SEC Commissioner Isaac C.

Hunt, Jr.:

I believe we have fallen behind in the area of EDGAR. It has been almost five years since all filings by domestic public companies have been accessible through EDGAR, yet foreign issuers are still not required to file through EDGAR. Foreign issuers compete with domestic issuers to raise capital in our markets, their securities trade in our markets, and yet U.S. investors do not have the same access to material information filed by these issuers.... It is my hope that, by the end of this year, all Forms 3, 4, and 5 [insider securities sales], as well as all foreign issuer filings, will be filed through EDGAR and available on our website.

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Implementation guidance on six new Hong Kong standards modelled on IAS

09 Mar 2001

Deloitte Touche Tohmatsu has published a 46 page book, Implementing Hong Kong GAAP: The Challenges for 2001, that highlights, for preparers of financial statements, the potential impact of six new Standards that are closely modelled on the equiivalent IAS.

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SEC Chief Accountant writes on globalising accounting standards

09 Mar 2001

SEC Chief Accountant Lynn Turner has written an article in the Financial Times on The 'Best of Breed' Standards: "Globalising accounting standards challenges the profession to fulfil its obligation to investors". .

SEC Chief Accountant Lynn Turner has written an article in the Financial Times on The 'Best of Breed' Standards: "Globalising accounting standards challenges the profession to fulfil its obligation to investors".

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GAAP 2000 report now available in PDF format

08 Mar 2001

The GAAP 2000 report can now be downloaded as a single 285k PDF file.

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SEC financial reporting issues in 2001

06 Mar 2001

The Chief Accountant of the SEC Division of Corporation Finance has provided some views on "accounting and disclosure issues that are sure to capture the attention of investors this year".

These issues are as applicable to IAS or national GAAP filers as to US GAAP filers -- and they're likely to capture the attention of the SEC reviewers as well as investors. The Chief Accountant also indicated that the slowdown of dot.com IPOs has given SEC staff more time to undertake more reviews.
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Thailand issues ten accounting standards based on IAS

06 Mar 2001

Ten new accounting standards based on IAS have been issued in Thailand.

Eight are effective for 2000, one starting in 2001, and one in 2002.
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Relationship of IASC and FASB

03 Mar 2001

We have added a page of information on the relationship of the U.S.

Financial Accounting Standards Board and International Accounting Standards.
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Reorganised US SEC website includes international accounting and auditing section

02 Mar 2001

The U.S.

Securities and Exchange Commission has significantly reorganised the SEC Website including Information for Accountants and a section on international accounting and auditing.

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.