May

Bob Garnett will continue as Interpretations Committee chair

05 May, 2010

Robert Garnett will continue as chair of the IFRS Interpretations Committee (IFRIC) for two years beginning 1 July 2010, following completion of his term as a member of the IASB on 30 June.

The IFRS Foundation Trustees have also reappointed three current IFRIC members whose terms expire on 30 June to new three-year terms starting 1 July 2010, as follows: Guido Fladt (PwC), Bernd Hacker (formerly of Siemens), and Andrew Vials (KPMG). In addition, Feilong Li, controller of CNOOC, the Chinese petroleum company, has been appointed to a three-year term on the Interpretations Committee. Mr Li replaces Darrel Scott (FirstRand Banking Group), who has been appointed as a member of the IASB from October 2010. Click for Press Release (PDF 99k). Click here for complete List of IFRIC Members.

2010 Strategy matrix for global transfer pricing

03 May, 2010

Deloitte's Strategy matrix for global transfer pricing continues to be the most comprehensive and authoritative guide of its kind.

The 2010 edition contains essential information on transfer pricing regimes in 51 jurisdictions around the world and the Organisation for Economic Co-operation and Development (OECD). This 76-page book provides guidance for planning for transfer pricing methods, documentation, penalties, and other issues. Click to download Deloitte's 2010 Transfer Pricing Guide (PDF 594k, 76 pages).

IASB webcasts on pensions, extractive activities

02 May, 2010

IASB staff will host separate live web presentations introducing the recently published Exposure Draft on defined benefit plans and the Discussion Paper on extractive activities.

Both presentations will give participants an opportunity to submit questions:

 

  • Webcast Topic: IASB Exposure Draft on Defined Benefit Plans
  • Date and Time: Thursday, 6 May 2010, 10:00am and repeated at 16:00pm London time
  • More Information and Registration: Click Here (IASB's website)

 

 

 

  • Webcast Topic: IASB Discussion Paper on Extractive Activities
  • Date and Time: Friday, 7 May 2010, 15:00pm London time
  • More Information and Registration: Click Here (IASB's website)

 

IFRS XBRL taxonomy for 2010 is available

01 May, 2010

The IASC Foundation has released the IFRS XBRL Taxonomy 2010. The 2010 taxonomy is consistent with IFRSs and with the IFRS for Small and Medium-sized Entities (SMEs), and for the first time both have been integrated into a single taxonomy.

The IFRS Taxonomy 2010 is a translation of IFRSs as issued at 1 January 2010 into XBRL (eXtensible Business Reporting Language). XBRL facilitates simpler and faster electronic filing of financial information and comparison of IFRS financial data by companies, regulators, investors, analysts, and other users of financial information. Click Here to access the IFRS Taxonomy files and accompanying materials on the Foundation's website.

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.