December

European capital market integration and IAS

04 Dec 2001

We have posted the text of a presentation by Michel Prada, Member of IOSCO Technical Committee and President of the Commission des Operations de Bourse (France), titled European Capital Markets Following the Adoption of IAS by the EU (PDF 43k).

Mr. Prada made the presentation to the Council if IFAC at the Council's 14-15 November meeting.

Jamaica adopts IAS and ISAs effective 1 July 2002

03 Dec 2001

The Institute of Chartered Accountants of Jamaica has adopted International Accounting Standards and International Standards on Auditing as Jamaica's national standards effective 1 July 2002.

Click for Press Release (PDF 82k).

IASB Trustees propose revisions to Constitution

02 Dec 2001

The Trustees of the IASC Foundation, which oversees the IASB, have proposed revisions to the IASC Constitution that are necessary to implement certain aspects of the draft Preface to IFRS relating to the Standing Interpretations Committee.

The constitutional changes include:
  • Changing the committee's name to International Financial Reporting Issues Committee (IFRIC).
  • Broadening the committee's mandate so it can address issues not specifically covered in an existing IFRS.
  • Creating the position of a non-voting chair of IFRIC, that position to be filled by one of the members of the IASB, the Director of Technical Activities, or a member of the IASB's senior technical staff. Click here for the Full Constitution. Comments are requested by 15 February 2002. Comments on the draft Preface are also due on this date. [Note: link to 'Full Constitution' now reflects the revisions as of 1 July 2005.]

Notes from the third and fourth days of the 27-30 November IASB meeting

01 Dec 2001

We have moved the summary of discussions at the November 2001 IASB meeting to its own page.

Click to go to Summary of IASB's 27-30 November 2001 Meeting. It had originally been presented as several lengthy news items.

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.