News

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Comment letters on share-based payment are posted

03 May 2003

The IASB has posted on its website the comment letters the Board has received on its exposure draft ED 2, Share-Based Payment. .

The IASB has posted on its website the comment letters the Board has received on its exposure draft ED 2, Share-Based Payment.

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Notes from the third day of the IASB's April 2003 meeting

03 May 2003

We have combined our notes for all four days of the IASB's meeting of 29 April to 2 May 2003 on a single Combined Web Page. .

We have combined our notes for all four days of the IASB's meeting of 29 April to 2 May 2003 on a single Combined Web Page.

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Notes from the last day of the IASB's April 2003 meeting

03 May 2003

We have combined our notes for all four days of the IASB's meeting of 29 April to 2 May 2003 on a single Combined Web Page. .

We have combined our notes for all four days of the IASB's meeting of 29 April to 2 May 2003 on a single Combined Web Page.

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IFAC Public Sector Committee update posted

02 May 2003

We have posted the April 2003 Update (PDF 44k) from the IFAC Public Sector Committee (PSC).

The PSC develops financial reporting standards for national, regional, and local governments and related governmental agencies based on IFRS. Currently, among other things, the PSC is working to develop a Conceptual Framework and an accounting standard on impairment of assets both based on their IASB counterparts.
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Notes from the second day of the IASB's April 2003 meeting

02 May 2003

We have combined our notes for all four days of the IASB's meeting of 29 April to 2 May 2003 on a single Combined Web Page. .

We have combined our notes for all four days of the IASB's meeting of 29 April to 2 May 2003 on a single Combined Web Page.

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Notes from the first day of the IASB's April 2003 meeting

01 May 2003

We have combined our notes for all four days of the IASB's meeting of 29 April to 2 May 2003 on a single Combined Web Page. .

We have combined our notes for all four days of the IASB's meeting of 29 April to 2 May 2003 on a single Combined Web Page.

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New page: links to comparisons of IFRS and national GAAPs

30 Apr 2003

We have created a new page on this website with Links to Comparisons of IFRS and National GAAPs.

We have put a permanent link to the page in the left-hand column of our home page. So far we have comparisons of IFRS and the national GAAPs of Australia, Canada, China, Hong Kong , 14 Eastern European countries, Netherlands, and United States.
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Europe-Africa summaries are updated

30 Apr 2003

We have updated our summaries of accounting standards activity in Germany, South Africa, and the United Kingdom. .

We have updated our summaries of accounting standards activity in Germany, South Africa, and the United Kingdom.

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Comparison of Australian GAAP and IFRS

29 Apr 2003

Deloitte Touche Tohmatsu (Australia) has published a study of 'Differences Between Australian GAAP and IFRS'.

The study is based on IASB Standards and Interpretations issued at 31 March 2003 and effective for financial years ending 30 June 2003. For each difference, if applicable, the report indicates changes that have been proposed in exposure drafts that have been issued by the IASB before 31 March 2003.

The publication is available for download here (PDF 247k) without charge.

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SEC reaffirms FASB standards for SEC filings

29 Apr 2003

The US Securities and Exchange Commission has reaffirmed its policy of recognising FASB pronouncements as being generally accepted for purposes of filings with the Commission.

The SEC's action was in response to section 108 of the Sarbanes-Oxley Act of 2002, which, among other things, specifies the criteria that must be met in order for an accounting standard setter's work product to be recognised as generally accepted by the Commission. In its new policy statement, the Commission noted:

In order for US accounting standards to remain relevant and to continue to improve, however, the Commission expects the FASB to consider, in adopting accounting principles, the extent to which international convergence on high quality accounting standards is necessary or appropriate in the public interest and for the protection of investors, including consideration of moving towards greater reliance on principles-based accounting standards whenever it is reasonable to do so.... We expect that during its deliberations of an accounting issue the FASB will consider, among other things, international accounting standards addressing that issue.

Click for full text of the SEC Policy Statement.

Correction list for hyphenation

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