Mr. Donaldson co-founded the investment banking firm Donaldson Lufkin & Jenrette. He was also chairman and CEO of the New York Stock Exchange and of Aetna Inc.

Topics covered include disclosure of guarantees, current EITF projects, the SEC's auditor independence and workpaper retention proposals, guidance on combating fraud, the World Congress of Accountants, and IASB's meeting with national standard setters.

This 236-page book provides practical guidance for applying IFRS in preparing financial statements. It enables readers to see at a glance what their financial statements would look like, provides a quick summary of the standards and interpretations, and details the numerous disclosure requirements in an easy-to-check tabular format. Click to (PDF 2,586k). The guide is also available in an abbreviated version without the summaries of standards and interpretations (just model statements and checklist). Click to download the (PDF 2,155k, 160 pages). You can find other DTT publications on our Publications Page.

We have added a new page for Turkey with an update on the development of accounting standards by the Banking Regulation and Supervision Agency for banks and by the Capital Market Board for publicly traded companies.

We have posted updated versions of our Model Financial Statements and Presentation and Disclosure Checklist reflecting International Financial Reporting Standards and Interpretations effective for 2002.

and the discussion of attorney conduct rules will start at 2:00 p.m. Both meetings will be open to the public and will be webcast. Real time and archived audio webcasts of the roundtables will be accessible at The SEC Website. Click for SEC Press Release.

The proposals are set out in exposure draft ED 3 Business Combinations, and an Exposure Draft of Proposed Amendments to IAS 36 Impairment of Assets, and IAS 38 Intangible Assets.

The IASB invites comments on the Exposure Drafts by 4 April 2003. The most significant proposals are to prohibit the use of the pooling (uniting) of interests method of accounting for business combinations and to require that goodwill and other intangible assets with indefinite lives be tested for impairment but not amortised. Pooling has already been banned in Australia, Canada, Hong Kong, New Zealand, and the United States.

Click for IASB Press Release (PDF 42k). ED 3 will be available for download from IASB's website starting 16 December.

 

Ken joined Deloitte & Touche in 1980 and was made a Partner in 1984. He is a member of the UK Accounting Standards Board and a member of its Public Sector and Not-for-Profit Committees. He is also a member of the Financial Reporting Advisory Board to the UK Treasury. On IFRIC, Ken replaces John Smith of Deloitte & Touche (USA), who recently became a member of the International Accounting Standards Board. Click for IASB Press Release (PDF 26k).

The award recognises an outstanding leader who has made significant contributions to the development of the international accountancy profession over a period of years. As Secretary-General of the IASC from 1995 to 2001, Sir Bryan led the completion of a core body of Standards that has subsequently been endorsed by IOSCO and adopted by the European Union. He is widely recognised for his commitment to promoting worldwide convergence of those standards. Click for IFAC Announcement (PDF 79k).

The Committee has also released, as a Public Working Draft, the IAS Explanatory Disclosures and Accounting Policies Taxonomy. Both taxonomies are available on the Internet from the XBRL Organisation Website.