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July

  • IASB publishes exposure draft for new IFRS – Insurance Contracts

    29 Jul 2010

    The IASB has published for public comment an exposure draft of a proposed IFRS for insurance contracts. Exposure Draft ED/2010/8 'Insurance Contracts' proposes a single IFRS that all insurers, in all jurisdictions, could apply to all contract types on a consistent basis. The proposed IFRS would apply to writers of both insurance and reinsurance contracts.

  • FASB goes it alone on accounting for repurchase agreements (repos)

    29 Jul 2010

    At its meeting held on 28 July 2010, the FASB chairman announced that he added a limited scope project to the FASB's agenda to improve accounting for repurchase agreements (repos) or other agreements that both entitle and obligate the transferor to repurchase or redeem financial assets before their maturity.

  • IAASB Chairman reappointed

    29 Jul 2010

    The Board of the International Federation of Accountants (IFAC) has reappointed Prof. Arnold Schilder to lead the International Auditing and Assurance Standards Board (IAASB).

  • Stay Tuned Online – IFRS and UK GAAP update

    29 Jul 2010

    The Deloitte London IFRS Centre of Excellence is running a series of hour-long Internet-based financial reporting updates, aimed at helping finance teams keep up to speed with IFRSs and other financial reporting issues.

  • Canadian guide on IFRS transition

    28 Jul 2010

    The Canadian Institute of Chartered Accountants (CICA) has published The IFRS Changeover: A Guide for Users of Financial Reports. The guide is designed to help users of external financial reports better understand the potential impacts of Canada's transition to International Financial Reporting Standards (IFRS). Deloitte (Canada) Partner, Peter Chant, participated in the preparation of the publication.

  • Consultation on proposals to reform the UK's financial regulatory framework

    27 Jul 2010

    The UK Financial Secretary to the Treasury, Mark Hoban MP, launched a government consultation on the implementation of reforms to financial regulation. The plan is to overhaul the system of financial regulation, giving the Bank of England powers over macro prudential regulation, through a newly established Financial Policy Committee (FPC) to avoid a repeat of the financial crisis.