Many of those modules have multiple users because organisations are permitted to install the Deloitte IFRS e-learning modules on their own servers for the internal use of their employees or students. In addition, tens of thousands of modules have been completed online and offline by Deloitte staff. You can always access IFRS e-learning without charge by clicking on the light bulb icon on the IASPlus home page.

We have combined all of our preliminary and unofficial notes from the 18-20 October 2004 IASB meeting onto a Single Page.

Click to (PDF 34k). The recommendation awaits final approval by the 25-member European Commission.

The European Financial Reporting Advisory Group has submitted its written comments to IASB on the exposure draft of Proposed Amendments to IAS 39 – Cash Flow Hedge Accounting of Forecast Intragroup Transactions (PDF 48k).

One interesting finding is that "FASAC members generally would not automatically assign a higher priority to projects that provide international convergence opportunities. Nor do they believe that the Board should always add a project to its agenda because the IASB does". Click to view or download the report of the Annual FASAC Survey.

We have combined all of our preliminary and unofficial notes from the 18-20 October 2004 IASB meeting onto a Single Page.

Erhardt as Deputy Chief Accountant responsible for international issues, reporting to Donald T. Nicolaisen, Chief Accountant. Ms. Erhardt will work closely with various international organisations including the IASB and IFAC on issues relating to convergence of accounting, auditing, and reporting standards. She spent seven months on an interim assignment with the IASB and also served a two-year fellowship at the FASB. Click for SEC News Release.

Nicolaisen commented on IASB-FASB convergence activities and the possibility of eliminating the SEC's requirement that foreign registrants using IFRS also submit a reconciliation of earnings and equity to US GAAP. Click to download Mr. Nicolaisen's Remarks (PDF 53k). An excerpt:

My personal view is that if things continue as they have been going - if the IASB operates as a strong independent standard-setter and continues to develop and issue high quality standards, if the commitment to quality application of IFRS remains, and if good progress is made in accounting convergence and the development of an effective global financial reporting infrastructure - then I believe that the SEC will be able to eliminate our reconciliation requirements. I assure you that I am eager to embrace IFRS because I believe our investors in the U.S. will benefit.

This is the quarterly edition that summarises selected recent accounting and financial reporting developments at FASB, EITF, GASB, AICPA, SEC, PCAOB, IASB, and IFRIC. The articles included in this edition were drawn primarily from issues of Accounting Roundup from Deloitte & Touche (USA) published in the third quarter of 2004, and have been updated where appropriate. Past issues are Here.

The European Financial Reporting Advisory Group (EFRAG) has submitted its Letter of Comment to the IASB on the IASB's Discussion Paper Preliminary Views on Accounting Standards for Small and Medium-sized Entities (PDF 103k).