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2001

  • Project files updated for recent decisions

    21 Dec 2001

    We have updated our pages for the following projects to reflect Board decisions earlier this week: Revisions to IAS 39 Improvements to Existing Standards Business Combinations Insurance Contracts .

  • ECOFIN, European Parliament discuss the proposed IAS regulation

    20 Dec 2001

    ECOFIN, the European Council of Finance Ministers, met on 13 December 2001 and agreed a 'general orientation' on a proposed Regulation that would require all EU listed companies, including banks and insurance companies, to prepare their consolidated financial statements using IAS.

  • IASB approves seven new Interpretations

    20 Dec 2001

    At its meeting this week, the IASB Board approved seven final Interpretations (SIC-27 to SIC-31, and SIC-33) and tentatively approved an Interpretation on website costs.

  • IASCF Trustees appoint the members, chairman of IFRIC

    18 Dec 2001

    The Trustees of the IASC Foundation have appointed the 12 members of IASB's new interpretations committee -- proposed to be called the International Financial Reporting Interpretations Committee (IFRIC) -- which will replace the former Standing Interpretations Committee (SIC).

  • IASB member speaks on Asian IAS issues

    15 Dec 2001

    IASB member Tatsumi Yamada, who is from Japan, spoke on 13 December in Beijing at an International Symposium on Accounting Standards sponsored by China's Ministry of Finance.

  • Singapore will adopt IAS for listed companies

    14 Dec 2001

    Early in 2002, the Singapore government will propose amendments to its Companies Act to require nearly all listed companies to use IAS starting 1 January 2003. For this purpose, the Government will establish an independent panel (to be known as the Council on Corporate Disclosure and Governance) to adopt the IAS as Financial Reporting Standards (Singapore), or FRS(S).