IASB watchers returning from their summer holidays may find the following recap of upcoming dates helpful:

This amendment was not among the Amendments to IAS 39 that the Board had proposed in July 2002.

The Board has determined that this change is of a magnitude that warrants the solicitation of public comment. Comment deadline is 14 November 2003.

The Board will issue an amended IAS 39 without the macro hedging proposal by the end of 2003.  A second version of IAS 39 revised, reflecting the final macro hedging decision, is planned for March 2004.

We have prepared a IAS Plus newsletter (PDF 31k) summarising the proposals in the exposure draft.

Click for IASB Press Release (PDF 42k). You can download the ED directly from the IASB's Website (PDF 258k).

We have posted the following two new Australian Accounting Alertsfrom Deloitte & Touche (Australia):

• (PDF 83k)
• (PDF 32k)

The following projects are on the Agenda for discussion at the IASB's meeting at its offices in London on 17-19 September 2003:

• Business Combinations Phase I
• Business Combinations Phase II
• Consolidation and Special Purpose Entities
• Convergence
• Extractive Industries
• Amendments to IAS 32 and IAS 39
• IFRIC Update
• Improvements to IFRS
• Revenue Recognition
• Share-based Payment
• Small and Medium-Sized Entities

• Financial reporting by small and medium-sized entities. A technical discussion of the IASB project and the proposed approach to SME reporting. Short plenary session introducing the topic, followed by breakout sessions.
• Convergence, harmonisation, and first-time adoption of IFRSs. Specific issues likely to be encountered in moving to IFRSs, including business combinations, hedge accounting, and tangible and intangible assets. Includes a discussion of the role of national standard-setting bodies and how they can be involved in the IASB process.
• Reporting comprehensive income. A technical discussion of the proposed reporting format developed by the IASB. Short plenary session introducing the topic and case study, followed by breakout sessions.
• IASB update and concluding remarks.