02 Mar 2004
XBRL International has elected Kurt Ramin, Commercial Director at the IASC Foundation, as Chair of its Steering Committee.
01 Mar 2004
We have updated our agenda project pages to reflect the Board's decisions at its February 2004 meeting: Business Combinations Phase I; Business Combinations Phase II; Consolidation; Financial Instruments (macro hedging and fair value option); Insurance Contracts Phase I; Revenue Recognition; Short-term Convergence (ED 4, IAS 19, and IAS 20); and Small and Medium-sized Entities. .
We have updated our agenda project pages to reflect the Board's decisions at its February 2004 meeting:
The European Commission has undertaken a Public Consultation on directors' remuneration, including the questions of (a) how each EU listed company should disclose in its annual accounts and annual report (or in the notes to the annual accounts) the remuneration policy for directors for the next financial year and (b) which elements, for example the performance-related elements of directors' remuneration, supplementary pensions, and contract policy, should be included in that disclosure? The IASB's recent amendments to IAS 24 include a requirement to disclose key management personnel compensation (amounts, but not policies) in total and subdivided into five categories.
The 2003 annual report of the International Auditing and Assurance Standards Board (IAASB) may be downloaded from IFAC's website.
28 Feb 2004
We have posted two new Australian Accounting Alerts: Financial Instruments: Recognition and Measurement and Financial Instruments: Disclosure and Presentation. .
We have posted two new Australian Accounting Alerts: Financial Instruments: Recognition and Measurement and Financial Instruments: Disclosure and Presentation.
We have now completed updating our Summaries of Standards to reflect all of the revised IASs published in late December 2003. These are IASs 1, 2, 8, 15, 16, 17, 21, 24, 27, 28, 31, 32, 33, 39, and 40. .
We have now completed updating our Summaries of Standards to reflect all of the revised IASs published in late December 2003. These are IASs 1, 2, 8, 15, 16, 17, 21, 24, 27, 28, 31, 32, 33, 39, and 40.
The International Auditing and Assurance Standards Board (IAASB) has released a revised International Standard on Auditing requiring auditors to be more proactive in considering the risk of fraud in an audit of financial statements and has issued new quality control standards addressed at both audit firms and engagement teams.
27 Feb 2004
The Council of the Institute of Chartered Accountants in England and Wales has approved a proposal for the Institute to offer a training, assessment, and award programme in IAS/IFRS.
We have posted the Chinese language version of our for the year ended 31 December 2003 (PDF 534k).
The provincial securities commissions in Canada have jointly adopted a regulation allowing foreign companies issuing securities in Canada to submit IFRS financial statements without reconciliation to Canadian GAAP.
These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.