This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version. Please upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

2011

  • Final notes from the December IASB meeting

    19 Dec 2011

    The IASB's regular monthly meeting was held on 13-16 December 2011 in London, part of it a joint meeting with the FASB. We have posted additional Deloitte observer notes from the remaining sessions held on Thursday and Friday.

  • IAASB issues guidance on auditing financial instruments

    19 Dec 2011

    The International Auditing and Assurance Standards Board (IAASB) has released International Auditing Practice Note (IAPN) 1000, 'Special Considerations in Auditing Financial Instruments', to provide practical assistance to auditors when addressing valuation and other considerations pertaining to financial instruments.

  • EFRAG asks for more time to consider IASB proposals

    19 Dec 2011

    The European Financial Reporting Advisory Group (EFRAG) has written to the IASB to request that the comment period on the Exposure Draft 'Revenue from Contracts with Customers' be extended by 60 days and that the comment period on the Review Draft on General Hedge Accounting is set such that constituents have three months, outside their year-end closing period, to respond and participate in field-testing activities.

  • IFRS Foundation translation update

    18 Dec 2011

    The IFRS Foundation has announced the publication of a Japanese translation of the IFRS for SMEs, and a Spanish translation of an additional module if the IFRS for SMEs training materials.

  • Deloitte IFRS Podcast on offsetting of financial assets and financial liabilities

    16 Dec 2011

    A new Deloitte IFRS Podcast has been issued discussing the IASB amendments to IAS 32 'Financial Instruments: Presentation' that provide clarifications on the application of the offsetting rules, and the amendments to the disclosure requirements in IFRS 7 'Financial Instruments: Disclosure' requiring information about all recognised financial instruments that are set off.