We have combined all of our notes from the IASB's October 2003 meeting onto a Separate Page.

You will also find earlier Deloitte comment letters Here.

We have combined all of our notes from the IASB's October 2003 meeting onto a Separate Page.

The PIOB will monitor the work of IFAC's International Auditing and Assurance Standards Board (IAASB), the IFAC committee that develops the International Standards on Auditing. The 10-person PIOB will approve the IAASB's members and terms of reference. The PIOB will also monitor IFAC's proposed Compliance Program and its Ethics and Education Committees. The regulators that will select the PIOB members are the International Organisation of Securities Commissions, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, the World Bank, and the European Commission. IFAC's Public Sector Committee will be subject to a separate and independent review process in conjunction with the World Bank and other external parties with an interest in governmental financial reporting. IFAC will seek approval of the proposals by its governing council when the council meets in Singapore next month. Click for IFAC News Release.

This summary was published in the UK Accounting Standards Board's Inside Track Newsletter for October 2003.

The newsletter summarises the ED, including its objective, exemptions, and requirements for macro hedging of interest rate risk on a portfolio basis. The newslettefr also summarises briefly the current requirements for hedge accounting under IAS 39 and as proposed in the improvements project for IAS 39.

The IASB is meeting in Toronto this week, in part on its own and in part in joint meetings with the US Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Canada (AcSB):

• Monday, 20 October 2003 - IASB meeting
• Wednesday, 22 October 2003 - Joint IASB/FASB/AcSB Meeting
• Thursday, 23 October 2003 - Joint IASB/FASB Meeting
• Friday, 24 October 2003 - IASB meeting

We have combined all of our notes from the IASB's October 2003 meeting onto a Separate Page.

This is the Asia-Pacific edition, which includes 24 pages of general IASB/IFRS news plus 7 pages of country accounting standards activity for that region. Our Europe-Africa and United Kingdom editions will be published soon. As usual, the newsletter includes updates to the IASB's timetable; status reports on the IASB's various agenda projects; a "convergence" update; and summaries of events in Europe, the United States, and the rest of the World.

Click Here to View the Official Journal of the EU that includes the text of all IASs and SICs adopted in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council in all EU languages.

At the heart of this analysis are detailed global and regional telecom indices developed by Deloitte, with each of the regional indices – the Americas, Asia Pacific and Europe – gauging market price to measure the performance of the key listed telecommunications equities for the period beginning 1 January 2000 and ending 31 July 2003. Click to Download (PDF 1,388k).