The tenth webcast was run on Thursday 17 February 2005 and covered:

• IAS 21 The Effects of Changes in Foreign Exchange Rates,
• IAS 29 Financial Reporting in Hyperinflationary Economies,
• IAS 10 Events After the Balance Sheet Date,
• IAS 20 Accounting for Government Grants and Disclosure of Government Assistance,
• IAS 33 Earnings per Share, and
• IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

To access the recording Click Here. The recording of each session will be available on this website for a period of at least 3 to 4 weeks from the date of the presentation. Links to past sessions may be found on our United Kingdom Page. The recording is no longer available online.

We have combined all of our notes from the IASB's meeting on 15-17 February 2005 in a single Combined February 2005 Board Meeting Page.

We have combined all of our notes from the IASB's meeting on 15-17 February 2005 in a single Combined February 2005 Board Meeting Page.

We have combined all of our notes from the IASB's meeting on 15-17 February 2005 in a single Combined February 2005 Board Meeting Page.

This is a reminder that the deadline for submitting comments on the IASC Foundation Trustees' Consultation Paper – Review of the Constitution: Proposals for Change is Wednesday 23 February 2005.

Participants agreed that the international profession should strengthen accountancy in developing nations, address professional responsibility in financial reporting, clarify the role of accountants in corporate governance, provide support and guidance for professional accountants in business, and focus on supporting small and medium enterprises and practices. Specific steps include:

• Supporting more rapid development of narrative reporting to achieve greater transparency and more integrity in corporate reporting.
• Establishing an international forum to address audit quality with investors, regulators, and others.

Click for IFAC Press Release (PDF 52k).

Comments are requested by no later than 25 February 2005. An except:

We have to express disappointment with the proposals for change put forward in the Consultation paper. It appears that the Trustees have ignored many European concerns even though numerous proposals for change were put forward by many different European organisations. Many organisations proposed finding means to have European constituents more involved in one way or another, but the proposals seem to us to be more in the direction of diluting the European involvement. It is all the more disappointing, therefore, that the proposals contained within the Constitutional Review document are so marginal in their response to the ideas put forward during the preceding consultative round, including the open meetings held during the course of 2004.

In its News Release (PDF 20k) announcing the new publication, the IVSC notes:

In 2004, the International Accounting Standards Board (IASB) made a number of significant changes to the accounting standards concerned with real estate and other fixed assets as part of its own improvements project. The IVSC has revised its standards in the 2005 edition to reflect these changes. The two standards most affected by the revised International Financial Reporting Standards are International Valuation Application 1, Valuation for Financial Reporting, and International Valuation Guidance Note 8, The Cost Approach for Financial Reporting - (DRC).

Print copies may also be ordered. The handbook features all International Public Sector Accounting Standards (IPSASs) issued as of 31 December 2004, including two new standards issued in 2004 dealing with cash-basis reports and impairment of non-cash-generating assets. The standards were developed by IFAC's International Public Sector Accounting Standards Board (IPSASB).

This publication consists of three parts:

• A survey on corporate interim reporting by listed companies to review progress compared to a 2002 Deloitte publication and to assess present UK practice against current and future reporting requirements for interim reports.
• Model interim financial statements to illustrate the typical content and disclosures expected of a UK listed company that chooses, in its 2005 interim report, to follow IAS 34 Interim Financial Reporting.
• A checklist for interim reporting covering the requirements of the UKLA Listing Rules, IAS 34, the Transparency Directive, and additional recommendations by the Statement on Interim Reporting by the Accounting Standards Board.

While focussed on interim reporting by UK listed companies, this publication should be of use to all IFRS adopters that prepare half-yearly or quarterly reports.