16 Jan 2003
The European Parliament has approved amendments to the European Accounting Directives that would complement the Accounting Regulation adopted in June 2002. The Regulation requires virtually all 7,000 listed European companies to follow IFRS starting in 2005. The amended Directives would remove inconsistencies of the existing Directives with IFRS and would address accounting by the estimated 5 million European companies that are not subject to the IFRS Accounting Regulation.
15 Jan 2003
Click here to Download EFRAG's draft comment letter ED 3, Business Combinations, and Proposed Amendments to IAS 36 and IAS 38. EFRAG needs comments by 7 March 2003. .
Click here to Download EFRAG's draft comment letter ED 3, Business Combinations, and Proposed Amendments to IAS 36 and IAS 38. EFRAG needs comments by 7 March 2003.
Both the Federation of European Accountants (FEE) and the International Federation of Accountants (IFAC) (PDF 80k) have responded to the SEC's auditor independence proposals. .
Both the Federation of European Accountants (FEE) and the International Federation of Accountants (IFAC) (PDF 80k) have responded to the SEC's auditor independence proposals.
We have updated the data on our Statistics Page about cross-border listings on the NY Stock Exchange (474 non-US companies from 51 countries, roughly one-third of total market cap); NASDAQ (379 non-US companies from 40 countries); and London Stock Exchange (470 non-UK companies from 61 countries, roughly two-thirds of total market cap). .
We have updated the data on our Statistics Page about cross-border listings on the NY Stock Exchange (474 non-US companies from 51 countries, roughly one-third of total market cap); NASDAQ (379 non-US companies from 40 countries); and London Stock Exchange (470 non-UK companies from 61 countries, roughly two-thirds of total market cap).
14 Jan 2003
The European Commission has indicated that it is going to move its own accounting system from a cash basis to a new accounting framework that will be based on International Public Sector Accounting Standards (IPSAS), including accrual accounting.
13 Jan 2003
The German Accounting Standards Board (DRSC) will hold a public discussion of IASB ED 2, Share-Based Payment, in Berlin on 10 February 2003. Details on the DRSC Website. .
The German Accounting Standards Board (DRSC) will hold a public discussion of IASB ED 2, Share-Based Payment, in Berlin on 10 February 2003. Details on the DRSC Website.
12 Jan 2003
Adoption of an Accounting Regulation by the European Union in June 2002 did not, of itself, legally require the 7,000 European listed companies to follow IFRS starting in 2005. Two further steps are required: (1) translation of IFRS into the European languages and (2) endorsement of the IFRS by a new Accounting Regulatory Committee established by the European Commission to give them legal standing in Europe.
The Commission on Public Trust and Private Enterprise, a blue-ribbon panel appointed by the Conference Board (an American business research group), has recommended a wide range of actions to improve corporate governance, auditing, and accounting practices.
Global capital markets could be made more efficient if accounting standards were harmonized on a world-wide basis. We strongly support both the emphasis on convergence between U.S. and the global standards and significant improvement in both bodies of standards. We applaud the efforts of the leadership of FASB and the IASB toward finding common ground on higher quality standards so that the infrastructure of our global economy can advance towards an integrated international capital market.
In this regard, we further recommend that the SEC, the new Public Corporation Accounting Oversight Board, and the Financial Accounting Foundation find a way to finance the American share of the International Accounting Standards Board Foundation through the issuer assessments established under the Act. The international financial community is encouraged also to adopt such a funding mechanism.
11 Jan 2003
En http://iasplus.deloitte.es podrá obtener toda la información necesaria para entender nuestra metodología y enfoque de cara a la integración a las normas contables y para estar al día de todas las novedades en cuanto a reglamentos, normativas, noticias, y eventos de las IAS. .
En http://iasplus.deloitte.es podrá obtener toda la información necesaria para entender nuestra metodología y enfoque de cara a la integración a las normas contables y para estar al día de todas las novedades en cuanto a reglamentos, normativas, noticias, y eventos de las IAS.
Esta segunda edición de "IAS: Guía Rápida" es una guía excepcional para ayudarle a conocer y entender cómo las normas contables continúan convergiendo a nivel mundial.
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