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  • Possible US legislation directing FASB to work with IASB

    30 Apr 2002

    Today's Wall Street Journal reports that the Chairman of the US House of Representatives Committee on Energy and Commerce is working on legislation that would (a) provide funding for FASB via government-collected fees from listed companies, (b) direct FASB to complete within 18 months new standards on off-balance-sheet entities and revenue-recognition issues, and (c) direct FASB to work with foreign organisations to create International Accounting Standards.

  • Updated project pages

    28 Apr 2002

    We have rewritten our project summaries for Business Combinations and Insurance Contracts. .

  • Business combinations exposure drafts delayed

    26 Apr 2002

    IASB's recently updated project summary for its Business Combinations project indicates that the three exposure drafts expected for this project will not be issued until some time in the second half of 2002. The three EDs are for (a) a new IFRS on business combinations that would replace IAS 22, (b) a revised IAS 36, Impairment of Assets, and (c) a revised IAS 38, Intangible Assets. .

  • We've updated our statistics page

    26 Apr 2002

    The IASPlus Statistics Page has tables or links to information about the internationalisation of the world's capital markets.

  • Enforcement of IFRS in Europe: FEE discussion paper

    26 Apr 2002

    The European Federation of Accountants (FEE) has published a discussion paper that examines how IFRS should be enforced in order to ensure the consistent and rigorous application of financial reporting standards throughout Europe by 2005. The discussion paper calls for creation of a European enforcement coordination mechanism as a partnership among national enforcement bodies, including securities regulators (such as COB in France or CONSOB in Italy) and review panels (such as the UK Financial Reporting Review Panel).