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October

Singapore GAAP moves closer to IAS

31 Oct 2001

During the past two years the Institute of Certified Public Accountants of Singapore (ICPAS) has issued over a dozen new and revised accounting standards in their effort to harmonise the Singapore Statements of Accounting Standards (SAS) with IAS.

While SAS is largely equivalent to IAS, some major differences remain. Deloitte Touche Tohmatsu has published a Comprehensive Review of Recent Changes to Singapore Standards (PDF 270k). The book includes a table of remaining differences with IAS. Click here to go to our Singapore Page.

Securities regulation in the global internet economy

30 Oct 2001

The SEC Historical Society in cooperation with the SEC is sponsoring a major issues conference on securities regulation in the global internet economy.

The conference will be held in Washington on 14-15 November. Among the featured speakers are SEC Chairman Harvey Pitt, IASB Chairman Sir David Tweedie, FASB Chairman Edmund Jenkins, French COB Chairman Michel Prada, London Stock Exchange Chairman Donald Cruikshank, NY Stock Exchange Chairman Richard Grasso, and US Senate Banking Committee Chairman Paul Sarbanes. Click for:

FEE website now includes expanded EFRAG information

27 Oct 2001

The website of the European Federation of Accountants (FEE) has expanded its information about the European Financial Reporting Advisory Group (EFRAG), including meeting agendas, summaries of decisions reached, and press releases.

EFRAG's roles are to provide input to IASB from the perspective of the European accounting profession and to advise the European Commission on the technical assessment of IASB Standards and Interpretations for application in Europe. The European Commission has proposed that listed companies in Europe be required to use IAS by 2005.

Americas edition of IASPlus newsletter posted

26 Oct 2001

The October 2001 Americas edition of our IASPlus newsletter has been posted.

FEE study on how European companies are applying IAS 19

25 Oct 2001

The Federation of European Accountants (FEE) has published a study of the experience of 47 European companies (the majority of which are listed) in applying IAS 19 (revised 1998), Employee Benefits, in their consolidated financial statements.

It also includes a survey of national legislation and standards regarding pension accounting in the countries concerned. Click for: FEE Press Release (PDF 41k) or Download the IAS 19 Study (PDF 143k).

FEE study on how European companies are applying IAS 19

25 Oct 2001

The Federation of European Accountants (FEE) has published a study of the experience of 47 European companies (the majority of which are listed) in applying IAS 19 (revised 1998), Employee Benefits, in their consolidated financial statements.

It also includes a survey of national legislation and standards regarding pension accounting in the countries concerned. Click for: FEE Press Release (PDF 41k) or Download the IAS 19 Study (PDF 143k).

IASB remands SIC D27 for further work

24 Oct 2001

At its meeting last week, the IASB Board considered the latest draft of a proposed SIC Interpretation, Transactions in the Legal Form of a Lease and Leaseback and concluded that the SIC should do further work on the document, including addressing the issue of derecognition of the leased asset.

This is the second time that the Board has remanded D27 to the SIC without approval.

Europe-Africa edition of IASPlus newsletter posted

24 Oct 2001

The October 2001 Europe-Africa edition of our IASPlus newsletter has been posted.

Paul Rutteman named EFRAG secretary general

24 Oct 2001

Paul Rutteman, retired partner of Ernst & Young, has been named the first secretary general of the European Financial Reporting Advisory Group (EFRAG).

EFRAG is an accounting technical committee that has been set up as a private-sector initiative by the principal European organisations interested in financial reporting. EFRAG will serve as the "IAS endorsement mechanism" for Europe by making recommendations to the European Commission regarding acceptance of IASB Standards. Click for EFRAG Press Release (PDF 73k).

Report on IASB meeting 16-20 October 2001

23 Oct 2001

We have posted a Summary of IASB's Meeting in Washington 16-20 October 2001.

The Board met with its Advisory Council on 16-17 October and then deliberated four agenda projects on 18-20 October. We have also updated our individual project files for the four projects to reflect discussions at the meeting:

Correction list for hyphenation

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