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  • Changes to the agenda for the IASB special meeting on 28 July 2011

    Jul 27, 2011

    The IASB has updated the agenda for its special meeting being held in London on 28 July 2011. In addition to the previously announced discussion on Financial Instruments Hedge Accounting, sessions have been added on Revenue Recognition and Asset and Liability Offsetting.

  • Nigerian adoption of IFRSs signed into law

    Jul 25, 2011

    The Nigerian Federal Minister of Trade & Investment, Dr. Olusegun Aganga, has announced the signing of the law necessary for Nigeria to implement International Financial Reporting Standards (IFRSs). The announcement was made at a Workshop on Attracting Investments into Nigeria held in Abuja on 20 July 2011.

  • UK FRC reaffirms importance of 'true and fair'

    Jul 21, 2011

    The Accounting Standards Board (ASB) and Auditing Practices Board (APB) of the United Kingdom Financial Reporting Council (FRC) have published a paper discussing the 'true and fair' requirement and its relevance to preparers, those charged with governance and auditors.