This edition includes all of the general IASB/IFRS update information plus country updates for recent standard-setting activities in the following countries: France, Germany, the Netherlands, Portugal, Turkey, South Africa, and the United Kingdom. Special sections include summaries of ED 2 (on share-based payment) and ED 3 (on business combinations and intangibles) plus a detailed update on IFRIC agenda projects. We had previously posted the January 2003 Asia-Pacific edition.