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  • Malaysian Accounting Standards Board defers IFRIC 15 equivalent

    31 Aug 2010

    The Malaysian Accounting Standards Board (MASB) has decided to defer the application of IC Interpretation 15 Agreements for the Construction of Real Estate (IC 15) from 1 July 2010 to 1 January 2012. However, entities that wish to apply IC 15 early can do so if they wish.

  • Deloitte IFRS newsletter in Japanese

    30 Aug 2010

    Deloitte's IFRS Centre of Excellence in Japan has published a Japanese translation of the following IFRS in Focus newsletter: IASB issues Exposure Draft on Lease Accounting.

  • IIROC proposes to harmonize regulatory financial reporting standards with IFRS

    30 Aug 2010

    A proposal published by the Investment Industry Regulatory Organization of Canada (IIROC) on Friday shows that IFRS is infiltrating more widely than just financial reporting to become the global accounting language. The proposal is for moving to International Financial Reporting Standards (IFRSs) for regulatory reporting albeit with some departures in certain areas, which are, however, "limited to only situations where the effort and cost to converge outweigh the regulatory value or benefit of complying with IFRS".