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  • ESMA chairman speaks at IFRSF conference

    06 Jul 2011

    Steven Maijoor, chairman of the European Securities and Markets Authority (ESMA), was a keynote speaker at the IFRS Foundation conference currently being held in Zurich.

  • Canada releases basis of conclusions on move to IFRSs

    05 Jul 2011

    With many Canadian companies currently in their first year of reporting under IFRSs, the Canadian Accounting Standards Board (AcSB) has recently released a publication setting out its rationale and process for adopting IFRSs, rather than alternative frameworks such as United States Generally Accepted Accounting Practices (US GAAP), or retaining a separate domestic Canadian GAAP.

  • UK Government will complete switch to IFRS in 2013

    05 Jul 2011

    The UK Government has announced that the application of IAS 27 will be extended to all National Health Service (NHS) organisations from 1 April 2013. This application had been deferred since the adoption of International Financial Reporting Standards across central government on 1 April 2009.

  • Questionnaire on accounting for Islamic finance transactions

    05 Jul 2011

    The Islamic Finance Working Group of the Asian-Oceanian Standard Setters Group (AOSSG) is conducting a survey to collate information and receive feedback regarding the standards that would apply to the financial reporting of Islamic financial transactions in the standard-setting jurisdictions of Asia-Oceania.

  • Business Accounting Council of Japan discusses IFRS

    02 Jul 2011

    Following on from remarks made by the Minister for Financial Services of Japan in June, the Business Accounting Council of Japan (BAC) has resumed discussions on the possible adoption of IFRSs in Japan.