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  • New members appointed to EFRAG

    28 Feb 2007

    The Supervisory Board of the European Financial Reporting Advisory Group (EFRAG) has approved the composition of the EFRAG Technical Expert Group (TEG) effective 1 April 2007.

  • IFAC lends its support to the IFRS for SMEs

    27 Feb 2007

    At its meeting last week in New York City, the Board of the International Federation of Accountants (IFAC) agreed to assist the International Accounting Standards Board (IASB) in obtaining feedback on its proposed International Financial Reporting Standard (IFRS) for Small and Medium-sized Entities (SMEs) through field testing and other means.

  • Heads Up on new US fair value option

    24 Feb 2007

    In our news story of 16 February 2007, we reported that the US Financial Accounting Standards Board has issued a standard that provides companies with an option to report selected financial assets and liabilities at fair value.

  • End of reconciliation 'is clearly in sight' – SEC official

    24 Feb 2007

    In remarks on The Promise of Transparency presented at the 29th Annual Conference on Securities Regulation and Business Law in Dallas, Texas, John W White, director of the Division of Corporation Finance of the US Securities and Exchange Commission spoke about a range of topics of international interest, including: