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  • Ireland will allow all unlisted companies to use IFRSs

    23 May 2004

    The government of the Republic of Ireland has announced that all unlisted entities in Ireland will be permitted to follow International Financial Reporting Standards starting in 2005. Irish listed companies are already required to switch to IFRSs in 2005 under the European Union accounting regulation.

  • Agenda project pages updated

    22 May 2004

    We have updated the following agenda project pages on IASPlus to reflect the IASB's deliberations and decisions at its meeting on 18-19 May 2004: Business Combinations Phase II Consolidation including SPEs Financial Activities - Risk Disclosures Financial Instruments: Cash Flow Hedge Accounting of Forecast Intra-group Transactions Accounting Standards for Small and Medium-sized Entities IAS 37 Provisions, Contingent Liabilities and Contingent Assets Revenue Recognition .

  • Coalition formed in US to support FASB stock option proposal

    21 May 2004

    A broad coalition of 30 pension funds, consumer/investor groups, and labour unions is urging the United States Congress to stay out of the Financial Accounting Standards Board's process for considering a proposed standard that would require companies to expense all stock options and other share-based payment.

  • Congress is told that EU wants SEC recognition of IFRSs

    20 May 2004

    In Testimony (PDF 115k) before the US House Committee on Financial Services, Alexander Schaub, the Director General of the Internal Market Directorate of the European Commission, expressed a hope that the US SEC would recognise IFRSs as part of a programme of mutual US-EU recognition of each other's financial market regulations.