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January

Europe-Africa edition of IASPlus newsletter is posted

31 Jan 2003

The January 2003 Europe-Africa edition of our -->IAS Plus --> newsletter can be Downloaded Here.

This edition includes all of the general IASB/IFRS update information plus country updates for recent standard-setting activities in the following countries: France, Germany, the Netherlands, Portugal, Turkey, South Africa, and the United Kingdom. Special sections include summaries of ED 2 (on share-based payment) and ED 3 (on business combinations and intangibles) plus a detailed update on IFRIC agenda projects. We had previously posted the January 2003 Asia-Pacific edition.

IFRIC will meet in London 4-5 February

30 Jan 2003

IFRIC – the IASB's interpretations committee – will meet at the IASB offices in London on 4 and 5 February 2003 to discuss the following agenda topics: .

IFRIC – the IASB's interpretations committee – will meet at the IASB offices in London on 4 and 5 February 2003 to discuss the following agenda topics:

  • Decommissioning Funds
  • Emission Rights
  • IAS 19, Employee Benefits - Money Purchase Plan with a Minimum Guarantee
  • IAS 19 - Multi-employer Plan Exemption
  • IAS 37 (Provisions) - Changes in Decommissioning and Similar Liabilities
  • Linkage of Transactions
  • Presentation - Operating and Ordinary Activities
  • Rights of Use
Click for:

IASB announces the agenda for its February meeting

29 Jan 2003

The IASB has announced the agenda for the Board's Meeting on 19-21 February 2003 in London.

The Board will also meet with the Standards Advisory Council (SAC) on 24-25 February 2003. A portion of the SAC meeting will involve a roundtable discussion of the Proposed Amendments to IAS 32 and IAS 39.

January meeting notes combined, project pages updated

28 Jan 2003

We have combined our notes from the IASB meeting on 22 and 23 January 2003 onto a Single Page.

Special edition – Sarbanes-Oxley update

27 Jan 2003

We have posted a special edition (dated 24 January 2003) of Accounting Roundup, a newsletter published by Deloitte & Touche (US).

Hong Kong GAAP moves closer to IFRS

26 Jan 2003

A new Deloitte Touche Tohmatsu publication, Implementing Hong Kong GAAP: Moving Towards IFRS, reviews Hong Kong Standards and Interpretations effective in 2002 and later, focusing on likely implementation issues.

In addition, the 72-page book includes a discussion of current Hong Kong Exposure Drafts and IASB projects and their anticipated impact on Hong Kong GAAP. Six new standards took effect in Hong Kong in 2002, and two others will take effect in 2003 and 2004. The book also includes a comparison of Hong Kong SSAPs and IFRS at December 2002. Click to (PDF 920k).

Deloitte & Touche study of expensing stock options

26 Jan 2003

Deloitte & Touche (US) has surveyed 120 Fortune 1000 companies regarding expensing employee stock options.

While a few companies currently expense stock options or have plans to do so, the majority of respondents (53%) are taking a 'wait-and-see' approach. A significant minority (35%) will not expense options unless mandated by legislation and/or regulatory change. (PDF 53k).

SEC adopts additional Sarbanes-Oxley rules

26 Jan 2003

The US Securities and Exchange Commission has adopted additional rules to implement portions of the Sarbanes-Oxley Act.

Click below for SEC press release on each topic:

Asia-Pacific country summaries are updated

25 Jan 2003

We have updated our summaries of accounting standards activity in: Australia, China, Hong Kong, Indonesia, Japan, New Zealand, Singapore, Taiwan, and Thailand. .

We have updated our summaries of accounting standards activity in:

Pages on IFRS in Europe are updated

25 Jan 2003

We've created a new page for 2003 to continue ourChronological Tracking of Adoption of IFRS in Europe.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.