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  • UK adjustments to IFRSs for regulatory capital

    31 Oct 2004

    The UK Financial Services Authority has published a consultation paper proposing four adjustments to capital as measured under IFRSs for the purpose of measuring "prudential regulatory capital" in the financial services industry.

  • UK FSA letter to CEOs on IFRSs

    31 Oct 2004

    The UK Financial Services Authority has written to the CEOs of all listed companies reminding them of the need for disclosure of their application of IAS 39 (particularly if they elect to follow the EC version with two 'carve-outs') and stating that FSA will allow listed companies 120 days, rather than the normal 90 days, to prepare their first half-yearly accounts under IFRSs.

  • A global 'shareholder society'

    30 Oct 2004

    In his recent Remarks before the International Organization of Securities Commissions, US SEC Chairman William H.

  • Near-final drafts of two pronouncements are posted

    30 Oct 2004

    The IASB has posted "near-final drafts" of the IFRIC Amendment to SIC-12 (to include equity compensation plans) and of IFRS 6 (Exploration for and Evaluation of Mineral Resources) in the subscriber area of the IASB Website.

  • Proposed amendments to 4th and 7th Directives

    29 Oct 2004

    The European Commission has proposed certain corporate governance amendments to Council Directives 78/660/EEC and 83/349/EEC (the Fourth and Seventh Directives) concerning the annual accounts of certain types of companies and consolidated accounts.

  • Agenda for IFRIC's November 2004 meeting

    29 Oct 2004

    The International Financial Reporting Interpretations Committee (IFRIC) will meet at the IASB's offices in London for two days: 4 and 5 November 2004. Presented below is the agenda for the meeting. .

  • All banks in Kazakhstan must use IFRSs

    28 Oct 2004

    For several years, banks in Kazakhstan that chose to participate in that country's deposit insurance fund have been required to prepare financial statements using IFRSs as well as Kazakh reporting standards.

  • IASC Foundation reappoints three trustees

    28 Oct 2004

    The Trustees of the International Accounting Standards Committee Foundation have reappointed three of the Trustees, effective 1 January 2005, to additional three year terms ending 31 December 2007. The three are Malcolm Knight, general manager, Bank for International Settlements; Jens Roder, partner, PricewaterhouseCoopers, Denmark; and Roberto Teixeira da Costa, chairman, Brazilian Securities and Exchange Commission.

  • PCAOB proposes $153 million budget for 2005

    27 Oct 2004

    The US Public Company Accounting Oversight Board has approved a budget of $152.8 million for 2005. The PCAOB oversees the auditors of public companies, including auditors of foreign companies registered with the SEC, to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.