January

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Full text of new IASB Interpretations can be downloaded

03 Jan 2002

Yesterday, IASB released the full text of its six new Interpretations.

IASB is making them available for download from its website "for a limited time". Several of the Interpretations took effect on 31 December, and the others on 1 January 2002.
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SEC Chairman - 'How to Prevent Future Enrons'

02 Jan 2002

Harvey Pitt, chairman of the US SEC, has issued a public statement on (PDF 42k) in which he outlines his views on modernisation of financial reporting and disclosure systems for public companies.

Parts of Mr. Pitt's action plan are directly relevant to accounting standard-setters, including IASB.
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Interpretation files updated for recent decisions

02 Jan 2002

Our Interpretation Summaries were updated to reflect the six new ones: SIC 27, Evaluating the Substance of Transactions in the Legal Form of a Lease SIC 28, Business Combinations - 'Date of Exchange' and Fair Value of Equity Instruments SIC 29, Disclosure - Service Concession Arrangements SIC 30, Reporting Currency - Translation from Measurement Currency to Presentation Currency SIC 31, Revenue - Barter Transactions Involving Advertising Services SIC 33, Consolidation and Equity Method - Potential Voting Rights and Allocation of Ownership Interests We also updated our Table of Effective Dates. Click for IASB Press Release on SIC 27 to 33 (PDF 43k). .

Our Interpretation Summaries were updated to reflect the six new ones:

  • SIC 27, Evaluating the Substance of Transactions in the Legal Form of a Lease
  • SIC 28, Business Combinations - 'Date of Exchange' and Fair Value of Equity Instruments
  • SIC 29, Disclosure - Service Concession Arrangements
  • SIC 30, Reporting Currency - Translation from Measurement Currency to Presentation Currency
  • SIC 31, Revenue - Barter Transactions Involving Advertising Services
  • SIC 33, Consolidation and Equity Method - Potential Voting Rights and Allocation of Ownership Interests
We also updated our Table of Effective Dates. Click for IASB Press Release on SIC 27 to 33 (PDF 43k).

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.