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November

Preliminary revised version of IAS 16 is available

29 Nov 2003

The IASB is making available on-line to subscribers the "preliminary final" texts of Standards being revised under the Improvements Project.

The preliminary final version of IAS 16, Property, Plant and Equipment, is now available on IASB's Website. The IASB has previously made available the preliminary final texts of IASs 2, 10, 24, and 33.

New Australian accounting alert posted

28 Nov 2003

We have posted the latest Australian Accounting Alert, Accounting Requirements for Tax Consolidation to Be Revised. .

We have posted the latest Australian Accounting Alert, Accounting Requirements for Tax Consolidation to Be Revised.

Deloitte comment letter on macro hedging

27 Nov 2003

We have posted the Deloitte comment letter on the IASB Exposure Draft 'Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk'.

November EITF Roundup posted

26 Nov 2003

We have posted the (PDF 137k).

This issue covers the issues discussed, consensuses reached, and administrative matters discussed at the 12-13 November 2003 meeting of FASB's Emerging Issues Task force.

Notes from second day of IASB November 2003 meeting

20 Nov 2003

We have combined the preliminary and unofficial notes taken by Deloitte observers at the IASB's 18-19 November 2003 Board meeting in London onto a Separate Page. .

We have combined the preliminary and unofficial notes taken by Deloitte observers at the IASB's 18-19 November 2003 Board meeting in London onto a Separate Page.

United Kingdom IASPlus newsletter posted

20 Nov 2003

We have posted the (PDF 138k) of the IASPlus newsletter. .

Notes from first day of IASB November 2003 meeting

19 Nov 2003

We have combined the preliminary and unofficial notes taken by Deloitte observers at the IASB's 18-19 November 2003 Board meeting in London onto a Separate Page. .

We have combined the preliminary and unofficial notes taken by Deloitte observers at the IASB's 18-19 November 2003 Board meeting in London onto a Separate Page.

IFAC Council approves standard-setting reforms

16 Nov 2003

The Council of the International Federation of Accountants (IFAC), meeting in Singapore, has approved a set of reforms designed to strengthen international audit standard-setting processes, achieve convergence to international standards, and ensure that the international accountancy profession is responsive to the public interest.

The reforms provide for a more transparent standard-setting process with greater public input. A Public Interest Oversight Board (PIOB) will be established to oversee IFAC's standard-setting activities, particularly with respect to auditing, assurance, ethics, and independence. The PIOB will also oversee IFAC's compliance activities. The reforms also provide a means for ongoing dialogue between regulators and IFAC through the establishment of an IFAC Leadership Group and a Monitoring Group comprised of regulators. Click for:

 

Two comment letters to IASB from EFRAG

15 Nov 2003

We have posted comment letters of the European Financial Reporting Advisory Group (EFRAG) to the IASB on IFRIC Draft Interpretation D2, 'Changes in Decommissioning, Restoration and Similar Liabilities' and IASB Exposure Draft 'Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk'.

We have posted the following comment letters of the European Financial Reporting Advisory Group (EFRAG) to the IASB:

 

IFAC seeks comments on audit partner rotation

14 Nov 2003

The International Federation of Accountants (IFAC) has issued an exposure draft proposing to revise the Code of Ethics for Professional Accountants to clarify that an individual who has completed a predefined period in the role of lead engagement partner for an audit of a listed entity should not participate in the assurance engagement until a further period, normally two years, has elapsed.

Click to Download the IFAC Proposal (PDF 53k). Comments are due 15 February 2004.

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.