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  • Amendments to IFRS 6 and IFRS 1

    30 Jun 2005

    The IASB has issued amendments to IFRS 1 and IFRS 6 to clarify that an entity that both (a) adopts IFRSs for the first time before 1 January 2006 and (b) applies IFRS 6 before that date is exempted not only from providing comparative prior-period disclosures but also from applying the recognition and measurement requirements of IFRS 6 in the prior comparative period.

  • Amendments proposed to IFRS 3, IAS 27, IAS 37

    30 Jun 2005

    The IASB and the US Financial Accounting Standards Board (FASB) have each published for public comment exposure drafts containing joint proposals to improve and align the accounting for business combinations.

  • June 2005 edition of EITF Roundup

    30 Jun 2005

    We have posted the (PDF 152k), which provides an overview of the issues discussed, consensuses reached, and administrative matters discussed at the 15-16 June 2005 meeting of FASB's Emerging Issues Task Force.

  • Trustees' press release on constitutional changes

    28 Jun 2005

    As we have previously reported, at their meeting in Paris on 21 June 2005 the Trustees of the IASC Foundation approved a number of Amendments to the IASCF Constitution following their review of the structure and operations of the IASB, IFRIC, SAC, and the IASCF.

  • Two new projects planned for IASB agenda

    27 Jun 2005

    At today's meeting of the Standards Advisory Council, IASB research director Wayne Upton said that the IASB staff plans to propose to the Board, for consideration in July, two new projects for the Board's active agenda: Fair value measurement guidance. This project would focus on how to measure fair value.

  • Notes from the IASB meeting 23 June 2005

    27 Jun 2005

    The IASB met at its offices in London on Wednesday and Thursday, 22-23 June 2005. We have combined the preliminary and unofficial notes taken by Deloitte observers at the meeting in a Separate Web Page. .

  • EFRAG seeks to be more 'proactive'

    27 Jun 2005

    The European Financial Reporting Advisory Group (EFRAG) has released a Position Paper (PDF 21k) on Proactive Accounting Activities in Europe: EFRAG and the National Standard Setters.

  • Webcast covers a range of IFRS/UK GAAP issues

    26 Jun 2005

    The Deloitte United Kingdom IFRS Centre of Excellence is running a monthly series of hour-long Internet-based IFRS technical updates, focusing on the most important international accounting standards and how they will affect UK companies.

  • IASB withdraws IFRIC 3 'Emission Rights'

    25 Jun 2005

    The IASB has voted to withdraw IFRIC 3 'Emission Rights', which had been issued in December 2004 and was scheduled to go into effect for annual periods beginning on or after 1 March 2005.

  • Comment deadline on SME questionnaire is next week

    24 Jun 2005

    We remind IAS Plus visitors that the deadline for responding to the IASB's Staff Questionnaire on Possible Recognition and Measurement Modifications for Small and Medium-sized Entities (SMEs) is 30 June 2005. For information about the SME project click Here. .