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August

  • Polish translation of the IFRS for SMEs published

    10 Aug 2011

    The IFRS Foundation has announced that a Polish translation of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) 2009 has now been published online.

  • Deloitte (United States) comments on SEC convergence work plan

    10 Aug 2011

    Deloitte & Touche LLP (United States) has submitted a comment letter to the US Securities and Exchange Commission (SEC) on its views of the SEC staff paper, Work Plan for the Consideration of Incorporating International Financial Reporting Standards Into the Financial Reporting System for U.S. Issuers Exploring a Possible Method of Incorporation.

  • Near Final Draft of IFRIC 20 published

    10 Aug 2011

    A near final draft of IFRIC Interpretation 20 'Stripping Costs in the Production Phase of a Surface Mine' has been posted to the IASB's website.

  • New issue of the IASB's Investor Perspectives

    06 Aug 2011

    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).

  • Japan proposes to remove time limit for US accounting rules

    04 Aug 2011

    In line with recent developments and following an announcement of the Japanese Minister for Financial Services made in June 2011, the Financial Services Authority of Japan (FSA) yesterday proposed a draft regulation on the use of US GAAP in Japan that would extend the current option to use US GAAP beyond 2016.

  • IASB proposes changing the effective date of IFRS 9

    03 Aug 2011

    Today, the International Accounting Standards Board (IASB) published an exposure draft proposing to push back the mandatory effective date of IFRS 9 'Financial Instruments' from 1 January 2013 to 1 January 2015.

  • EFRAG report regarding costs of implementing country-by-country reporting

    03 Aug 2011

    In October 2010, the European Commission started 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.The consultation mainly focused on companies active in an extractive industry in third countries.

  • IFRS Foundation conference in South America announced

    03 Aug 2011

    The IFRS Foundation announced the dates for its conference in South America, which will be held in São Paulo, Brazil on Thursday, 27 October 2011 and Friday, 28 October 2011. The conference will feature presentations by Hans Hoogervorst, Chairman, and Ian Mackintosh, Vice-Chairman of the IASB, and will focus on the future of IFRS and updates on projects and regulations.