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News

  • Jan Engstrom is appointed to the IASB

    21 Apr 2004

    The Trustees of the IASB's parent Foundation have appointed Jan Engstrom to membership on the IASB, effective 1 May 2004. Mr Engstrom, formerly the CFO of Volvo Group and a native of Sweden, will fill the vacancy for a full-time preparer position created by the retirement of Harry Schmid.

  • European and Japanese business groups concerned about FV trend

    20 Apr 2004

    A joint Public Statement (PDF 58k) issued by an unusual alliance of groups representing European small business and Japanese big business states that those groups "strongly oppose the IASB's further consideration of the 'full fair value concept' without further research on the needs of users and preparers, and the economic consequences of this fundamental change in concepts because of its inherent theoretical and practical problems." They note that the full fair value concept manifests itself in the current IASB projects on Performance Reporting (Comprehensive Income Reporting), Financial Instruments, and revisions to Accounting for Employee Benefits including Pensions.

  • Asia-Pacific country standards pages updated

    16 Apr 2004

    We have updated the following pages to reflect recent local standards setting activity: Australia, China, Hong Kong, India, New Zealand, Philippines, and Singapore. .

  • PCAOB forms a Standing Advisory Group

    16 Apr 2004

    The US Public Company Accounting Oversight Board has formed a Standing Advisory Group to assist the Board in carrying out its standards-setting responsibilities.

  • Agenda for April IASB meeting is announced

    16 Apr 2004

    The April 2004 monthly meeting of the International Accounting Standards Board will be held in London in three parts: Wednesday 21 April: Meeting of the IASB itself (at the IASB offices, 30 Cannon Street, London) Thursday and Friday 22-23 April: Joint meeting of the IASB and the US FASB (at the Radisson SAS Portman Hotel, 22 Portman Square, London) Monday and Tuesday 26-27 April: Meeting of the IASB with chairs of its partner national standard setters (at Painters Hall, 9 Little Trinity Lane, London) The agenda for the 21 April Board meeting is set out below.AGENDA – IASB MEETING 21 APRIL 2004 Standards for Small and Medium-Sized Entities IFRIC Interpretation 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities IAS 39 – Transitional Provisions and 'Day One' Profit Recognition Business Combinations Phase II Revenue Recognition Short-term Convergence Reporting Comprehensive Income .