The preliminary final version of IAS 16, Property, Plant and Equipment, is now available on IASB's Website. The IASB has previously made available the preliminary final texts of IASs 2, 10, 24, and 33.

We have posted the latest Australian Accounting Alert, Accounting Requirements for Tax Consolidation to Be Revised.

Click here to download the comment letter (PDF 141k).

 

This issue covers the issues discussed, consensuses reached, and administrative matters discussed at the 12-13 November 2003 meeting of FASB's Emerging Issues Task force.

We have combined the preliminary and unofficial notes taken by Deloitte observers at the IASB's 18-19 November 2003 Board meeting in London onto a Separate Page.

We have posted the (PDF 138k) of the IASPlus newsletter.

We have combined the preliminary and unofficial notes taken by Deloitte observers at the IASB's 18-19 November 2003 Board meeting in London onto a Separate Page.

The reforms provide for a more transparent standard-setting process with greater public input. A Public Interest Oversight Board (PIOB) will be established to oversee IFAC's standard-setting activities, particularly with respect to auditing, assurance, ethics, and independence. The PIOB will also oversee IFAC's compliance activities. The reforms also provide a means for ongoing dialogue between regulators and IFAC through the establishment of an IFAC Leadership Group and a Monitoring Group comprised of regulators. Click for:

• IFAC Press Release (PDF 122k)
• Reform Proposals as Announced in September 2003 (PDF 168k)

 

We have posted the following comment letters of the European Financial Reporting Advisory Group (EFRAG) to the IASB:

• IFRIC Draft Interpretation D2, Changes in Decommissioning, Restoration and Similar Liabilities (PDF 18k).
• Exposure Draft: Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk (PDF 76k)

 

Click to Download the IFAC Proposal (PDF 53k). Comments are due 15 February 2004.