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December

  • EC Commissioner speaks about IFRSs

    07 Dec 2004

    Charlie McCreevy, the new European Commissioner for Internal Market and Services, offered his assessment of the integration of the single European market for financial services at a conference sponsored by the Committee of European Securities Regulators in Paris yesterday.

  • Possible new approach to IAS 39 fair value option

    07 Dec 2004

    The IASB has Posted on its Website a preliminary draft of a possible new approach to the fair value option under IAS 39. The fair value option allows an entity to designate, at acquisition or issuance, most individual financial assets and financial liabilities to be measured at fair value with value changes recognised in profit or loss.

  • Directors' guide to transition to IFRSs

    05 Dec 2004

    Deloitte's London IFRS Centre of Excellence has developed a 16-page Director's Guide to IFRSs as an insert in the December Edition of PLC Director Magazine.

  • Notes from IFRIC Meeting of December 2004

    05 Dec 2004

    The International Financial Reporting Interpretations Committee met at the IASB's offices in London on Thursday, 2 December 2004. Presented below are the Deloitte observers' preliminary and unofficial notes from that meeting:Notes from the IFRIC Meeting2 December 2004 Administrative matters The Chairman welcomed Mike Bradbury, Professor of Accounting at Unitec in New Zealand, to his first meeting as an IFRIC member.

  • New Zealand adopts equivalents to IFRSs

    04 Dec 2004

    On 24 November 2004, the New Zealand Accounting Standards Review Board approved the "stable platform" of New Zealand Equivalents to International Financial Reporting Standards (NZ IFRSs).

  • UK ASB moves to new offices

    04 Dec 2004

    On 6 December 2004, the United Kingdom Accounting Standards Board is moving from 100 Gray's Inn Road in London to:Accounting Standards Board 5th Floor, Aldwych House 71-91 Aldwych London WC2B 4HN, United Kingdom Tel: +44 (0)20 7492 2300 Fax: +44 (0)20 7492 2301 .

  • ARC postpones advisory vote on IFRS 2

    03 Dec 2004

    The European Commission's Accounting Regulatory Committee (ARC), which advises the Commission regarding endorsement of IFRSs for use in Europe, voted on 30 November to endorse the improved versions of IASs that were adopted by the IASB in December 2003 and later, as well as IFRSs 3, 4, and 5. But the ARC postponed to its next meeting on 20 December 2004 a vote on whether to recommend IFRS 2 Share-based Payment.

  • Business combinations ED now planned for 1Q 2005

    03 Dec 2004

    The FASB Website notes that the joint IASB-FASB exposure draft on Business Combinations–Purchase Method Procedures is now scheduled to be issued in the first quarter of 2005 rather than the fourth quarter of 2004. .

  • All listed companies in Uruguay will use IFRSs

    03 Dec 2004

    In Uruguay, pursuant to Decree 162/04 of 12 May 2004, all listed companies must use IFRSs for all periods beginning 1 June 2004. Click for Decree 162/04 in Spanish (PDF 17k).