News and information about international financial reporting http://www.iasplus.com en-gb The European Commission has submitted a report on the operation of Europe's IAS Regulation to the European Council and European Parliament. http://www.iasplus.com Thu, 08 May 2008 20:18:00 +0800 2008-022 We have posted our meeting notes, including updating the IASB-FASB memorandum of understanding. http://www.iasplus.com/agenda/0804.htm Wed, 23 Apr 2008 12:18:00 +0800 2008-021 We have posted the preliminary and unofficial notes taken by Deloitte observers at the April 2008 IASB meeting. http://www.iasplus.com/agenda/0804.htm Mon, 21 Apr 2008 08:49:00 +0800 2008-020 Initial proposals are to create a monitoring group and expand the IASB to 16 members. http://www.iasplus.com Sun, 13 Apr 2008 12:36:00 +0000 2008-019 The US Treasury Department has published a study of financial statement restatements in the United States 1997-2006. http://www.iasplus.com Sun, 13 Apr 2008 12:29:00 +0000 2008-018 The IASB has published for comment a Discussion Paper 'Preliminary Views on Amendments to IAS 19 Employee Benefits', comment deadline 26 September 2008. http://www.iasplus.com Mon, 31 Mar 2008 17:49:00 +0800 2008-017 Deloitte has published an IAS Plus Guide to IFRS 5 Assets Held for Sale and Discontinued Operations (76 pages), downloadable without charge. http://www.iasplus.com/dttpubs/pubs.htm Mon, 31 Mar 2008 17:47:00 +0800 2008-018 The IASB has published for comment a Discussion Paper on 'Reducing Complexity in Reporting Financial Instruments', comment deadline 19 September 2008. http://www.iasplus.com Thu, 20 Mar 2008 20:15:00 +0800 2008-017 We have posted the preliminary and unofficial notes taken by Deloitte observers at the March 2008 IASB meeting. http://www.iasplus.com/agenda/0803.htm Mon, 17 Mar 2008 19:28:00 +0800 2008-016 The IASB has published for comment a Discussion Paper on 'Financial Instruments with Characteristics of Equity', comment deadline 5 September 2008. http://www.iasplus.com Thu, 28 Feb 2008 15:12:00 +0800 2008-015 We have posted the preliminary and unofficial notes taken by Deloitte observers at the February 2008 IASB meeting. http://www.iasplus.com/agenda/0802.htm Sun, 24 Feb 2008 17:28:00 +0800 2008-014 The IASC Foundation plans to issue a comment document in 2Q 2008 on two proposals: creating a monitoring group to oversee the IASCF and expanding the IASB from 14 to 16 members. http://www.iasplus.com Sat, 16 Feb 2008 12:18:00 +0000 2008-013 The US SEC's Advisory Committee on Improvements to Financial Reporting has issued a Progress Report setting out 12 developed proposals for improvements. http://www.iasplus.com Sat, 16 Feb 2008 12:17:00 +0000 2008-012 The IASB has amended IAS 32 Financial Instruments: Presentation with respect to the balance sheet classification of puttable financial instruments and obligations arising only on liquidation. http://www.iasplus.com Fri, 15 Feb 2008 17:00:00 +0000 2008-011 IOSCO has published a statement urging publicly traded companies to clearly state whether they comply in full with IFRSs as adopted by the IASB or, if the standards they use are not 100% compliant with the latest IFRSs, explain any differences. http://www.iasplus.com Thu, 07 Feb 2008 14:14:00 +0800 2008-010 Deloitte's IFRS Global Office has published a special edition IAS Plus Newsletter on IFRIC D23 (distributions of non-cash assets) and IFRIC D24 (assets contributed by customers). http://www.iasplus.com Tue, 05 Feb 2008 16:43:00 +0800 2008-009 The January 2008 IAS Plus newsletter covers the activities of IASB, IFRIC, and IASCF, and other international financial reporting news during Q4 2007. http://www.iasplus.com Tue, 29 Jan 2008 05:35:00 +0800 2008-008 Deloitte (USA) has published a special report on 'SEC Comment Letters on Foreign Private Issuers Using IFRSs'. http://www.iasplus.com Sun, 27 Jan 2008 05:58:00 +0800 2008-007 We have posted the preliminary and unofficial notes taken by Deloitte observers at the January 2008 IASB meeting. http://www.iasplus.com/agenda/0801.htm Sun, 27 Jan 2008 05:53:00 +0800 2008-006 The IASB has amended IFRS 2 Share-based Payment to clarify the terms 'vesting conditions' and 'cancellations'. http://www.iasplus.com/ Thu, 17 Jan 2008 12:29:00 +0000 2008-005 The IFRIC has published for comment Draft Interpretations D23 on Distributions of Non-cash Assets to Owners and D24 on Customer Contributions. http://www.iasplus.com/ Thu, 17 Jan 2008 12:28:00 +0000 2008-004 The six largest global accounting networks, including Deloitte Touche Tohmatsu, have jointly published a paper on Principles-Based Accounting Standards. http://www.iasplus.com/ Wed, 16 Jan 2008 17:32:00 +0000 2008-003 The IASB has published a revised IFRS 3 on business combinations and related amendments to IAS 27 (consolidation), IAS 28 (associates), and IAS 31 (joint ventures) -- all effective for annual periods beginning on or after 1 July 2009. http://www.iasplus.com/ Thu, 10 Jan 2008 17:29:00 +0800 2008-002 In 2007 IAS Plus had 1,520,000 visitors and 5,521,000 page views. Thank you for making us, once again, the #1 web source for information about international financial reporting. Happy New Year! http://www.iasplus.com/ Tue, 01 Jan 2008 12:43:00 +0800 2008-001 The Trustees of the US Financial Accounting Foundation have proposed significant changes to the FAF-FASB structure designed to make FASB's decision-making more efficient and to strengthen the oversight role of the FAF. FASB would go from 7 to 5 members. http://www.iasplus.com/ Wed, 19 Dec 2007 11:23:00 +0800 2007-081 We have posted the preliminary and unofficial notes taken by Deloitte observers at the December 2007 IASB meeting. http://www.iasplus.com/agenda/0712.htm Tue, 18 Dec 2007 11:23:00 +0800 2007-080 (1) Proposed amendments to IFRS 1 and IAS 27 on Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (revised ED); and (2) Proposed amendments to IFRS 2 IFRIC 11 on group cash-settled share-based payment transactions. http://www.iasplus.com/ Thu, 13 Dec 2007 16:31:00 +0800 2007-079 The six largest accounting networks have jointly issued a paper entitled Determining Fair Value of Financial Instruments under IFRSs in Current Market Conditions. http://www.iasplus.com/ Thu, 13 Dec 2007 16:26:00 +0800 2007-078 The US Securities and Exchange Commission will host two roundtable discussions (13 and 17 December 2007 in Washington) on issues surrounding 'the growing prevalence of IFRSs'. IAS Plus has agendas and participant lists. http://www.iasplus.com/ Thu, 13 Dec 2007 16:22:00 +0800 2007-077 We have posted Deloitte's IFRS Compliance Questionnaire for 2007. This 282-page questionnaire summarises the recognition and measurement requirements in IFRSs issued on or before 31 August 2007. http://www.iasplus.com/ Fri, 07 Dec 2007 08:52:00 +0800 2007-076