These statements reflect the standards in effect as of 31 December 2001. We are working on a disclosure and presentation checklist and plan to update these model financial statements to reflect all IAS/IFRS in effect as of 31 December 2003.

We have updated our summaries of the following agenda projects to reflect decisions made at the IASB's April 2003 meeting:

• Amendments to IAS 32 and IAS 39, Financial Instruments
• Associates and Joint Ventures (new project page added)
• Business Combinations Phase II
• Extractive Industries
• First-Time Adoption of IFRS
• IFRIC Agenda Projects (Emission Rights)
• Improvements to IFRS (IAS 16)
• Insurance Contracts Phase I
• Share-Based Payment
• Short-Term Convergence Topics (IAS 12)

The entire day is devoted to the most complex issue in making the transition to IFRS – financial instruments. Featured speaker in the morning is John T. Smith, partner in Deloitte & Touche (US), part-time IASB Board Member, and financial instruments specialist. Three Danish partners will speak on various aspects of financial instruments in the afternoon. Click for the Programme (PDF 279k, in Danish). For information phone Marianne Lund at +45 35-25-25-66 or email her at malund@deloitte.dk. The third and final day of the conference will be 3 June 2003.

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

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.

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.

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.

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.