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.

News

  • PCAOB staff Q&As on internal controls

    12 Oct 2004

    The US Public Company Accounting Oversight Board has published a second set of staff questions and answers related to PCAOB Auditing Standard No.

  • Second day of the October 2004 IFRIC meeting

    10 Oct 2004

    The International Financial Reporting Interpretations Committee (IFRIC) met in London for two days: 7 and 8 October 2004. Presented below are the preliminary and unofficial notes taken by the Deloitte observers at the second day of the meeting.Notes from the IFRIC Meeting8 October 2004 IFRIC D8 Members' Shares in Co-operative Entities The IFRIC considered an overview paper outlining the responses to the exposure of this draft.

  • First day of the October 2004 IFRIC meeting

    09 Oct 2004

    The International Financial Reporting Interpretations Committee (IFRIC) is meeting in London for two days: 7 and 8 October 2004. Presented below are the preliminary and unofficial notes taken by the Deloitte observers at the first day of the meeting.Notes from the IFRIC Meeting7 October 2004 IFRIC D1 - Emission Rights The IFRIC discussed the effective date of 1 March 2005 and underscored that its intention was for this Interpretation not to be effective for European first-time adopters although early adoption is encouraged. The point was made that the Basis for Conclusions does not adequately support the decision taken for non-amortisation of the allowances under D1. In addition, concern was raised that the Basis for Conclusions appears to give the impression that application of IAS 38 would result in an accounting treatment that is not representationally faithful.

  • Comment letters posted on SMEs, D7, D8, D9

    07 Oct 2004

    The IASB has Posted on its Website comment letters received on the following projects: IASB Discussion Paper Preliminary Views on Accounting Standards for Small and Medium-sized Entities IFRIC D7 Scope of SIC-12 Consolidation–Special Purpose Entities* IFRIC D8 Members' Shares in Co-operative Entities* IFRIC D9 Employee Benefit Plans with a Promised Return on Contributions or Notional Contributions *Some letters on D7 and D8 had previously been posted.

  • Agenda for October 2004 IASB meeting

    07 Oct 2004

    The IASB will meet at the offices of the Financial Accounting Standards Board (FASB), Norwalk, Connecticut, USA, on 18-20 October 2004. The third day will be a joint meeting with the FASB.

  • IFAC exposure draft on ethics

    06 Oct 2004

    The International Federation of Accountants has invited comment on an exposure draft of a Revised Code of Ethics for Professional Accountants.