This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version. Please upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.


  • IAASB EDs on the auditor's report and group audits

    29 Dec 2003

    The International Auditing and Assurance Standards Board (IAASB) has issued the following new exposure drafts (EDs) addressing issues pertaining to the auditor's report and group audits. Proposed Revised International Standard on Auditing (ISA) 700, The Independent Auditor's Report on a Complete Set of General Purpose Financial Statements. Proposed Revised ISA 600, The Work of Related Auditors and Other Auditors in the Audit of Group Financial Statements. Proposed new International Auditing Practice Statement (IAPS), The Audit of Group Financial Statements. Comments are requested by 31 March 2004. Click for Press Release and Links to Download the EDs (PDF 87k). .

  • Differences between "Improved" IAS and UK GAAP

    28 Dec 2003

    The United Kingdom Accounting Standards Board has posted a Summary of Key Differences Between UK GAAP and the recently issued IASs resulting from the IASB's Improvements Project on the ASB website. .

  • Hong Kong intends to adopt revised IAS 32 and 39 in full

    24 Dec 2003

    The Financial Accounting Standards Committee of the Hong Kong Society of Accountants (HKSA) has announced that it intends to seek approval of the HKSA's Council to adopt the IASB's newly revised standards on financial instruments – IAS 32 and IAS 39 – in full as Hong Kong Statements of Standard Accounting Practice (SSAPs).

  • Project pages updated

    24 Dec 2003

    We have updated our summaries of the following IASB agenda projects to reflect the discussions at the Board's December 2003 meeting: .

  • Proposal – international auditing standards for Canada

    22 Dec 2003

    A discussion paper published by the Certified General Accountants Association of Canada concludes that Canada would be well served by adopting International Auditing Standards (ISAs) for use as the domestic auditing standards in Canada.

  • EFRAG public hearing on strengthening its role

    22 Dec 2003

    In our News Story of 6 December 2003, we previously reported that the European Financial Reporting Advisory Group (EFRAG) is inviting comment on proposals to enhance its role and streamline its operating processes with the goal of "strengthening European input to the IASB".

  • New SEC guidance on MD&A

    22 Dec 2003

    The US SEC has issued an interpretive release providing guidance regarding Management's Discussion & Analysis of Financial Condition and Results of Operations, commonly called MD&A, included in reporting companies' disclosure documents.

  • Comment letters on asset disposals and macro hedging

    21 Dec 2003

    The IASB has posted on its Website the comment letters it received two exposure drafts: ED 4, Disposal of Non-current Assets and Presentation of Discontinued Operations, and the unnumbered ED on Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk.