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  • New Zealand moving away from the IFRS for SMEs

    Oct 27, 2010

    The New Zealand Accounting Standard Review Board (ASRB) has released an updated summary of its 'Reporting by For-Profit Entities' project, which seeks to implement an updated differential reporting framework for New Zealand entities.

  • Public consultation on country-by-country reporting

    Oct 27, 2010

    The European Commission is conducting a public consultation in order to gather stakeholders' views on country-by-country reporting by multinational companies. Country-by-country reporting is a concept that would require multinational companies to disclose financial information on their operations in third countries in their annual financial statements.

  • IASB webcast on leases exposure draft

    Oct 27, 2010

    On Monday 1 November, the IASB staff will be hosting a live webcast on common questions the staff are asked about the lease accounting proposals.

  • New issue of the IASB's Investor Perspectives

    Oct 27, 2010

    In April 2010, the Trustees of the IFRS Foundation and the IASB launched a programme to enhance investors' participation in the development of International Financial Reporting Standards (IFRSs).

  • FASB webcast on effective dates and transition consultation

    Oct 27, 2010

    The FASB has released a podcast on the IASB and FASB's recent documents seeking views on when new financial reporting standards resulting primarily from their work to improve and achieve convergence of International Financial Reporting Standards (IFRSs) and US generally accepted accounting principles (GAAP) should become effective.

  • The Bruce Column — Around the table: the arguments over leasing

    Oct 26, 2010

    There are several schools of thought evolving around the proposed leasing standard but the overwhelming one evokes the old joke about the farmer, leaning on a gate in the depths of the countryside, who is approached by a driver who wants to know how to get to his destination.

  • CESR sees improvements in financial instruments disclosures

    Oct 26, 2010

    In October 2009, the Committee of European Securities Regulators (CESR) analysed the 2008 financial statements of 96 European listed banks and insurers to assess compliance with the disclosure requirements of IFRS 7 Financial Instruments: Disclosures.