News

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EC will hold assessment meetings on IFRS 9

26 Mar 2010

The European Commission will hold four 'technical assessment meetings' to discuss the first phase of IFRS 9 dealing with classification and measurement of financial assets.

At the meetings, representatives of four industries are invited to present an industry perspective. Click for EU Announcement (PDF 239k). The meetings are as follows (all at the Internal Market Directorate's offices in Brussels):
  • Insurance: Tuesday 20 April 2010, 14:00-17:30pm
  • Banking: Thursday 22 April 2010, 09:30-13:00pm
  • Accounting, auditing, and public authorities: Friday 23 April 2010, 09:30-13:00pm
  • Investors and other stakeholders: Monday 26 April 2010, 14:00-17:30pm

 

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IASC Foundation Trustees meeting

26 Mar 2010

The Trustees of the IASC Foundation will meet in London on 30 and 31 March 2010. The public portion of the meeting will take place from 11:30am to 17:00pm on Tuesday 30 March.

The meeting is open to public observation and will be webcast. The agenda for the public meeting is below. More Information on the IASB's website.

Agenda for the Public Portion of the IASC Foundation Trustees Meeting, 30 March 2010
  • Review of the status of IASB-FASB convergence efforts
  • Report of the IASB Chairman on other IASB work
  • Report of the Due Process Oversight Committee
  • Report of the IFRS Advisory Council Chairman
  • Proposed process for Strategy Review and Review of the IFRS Advisory Council
  • Status of financing efforts

 

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Heads Up on reporting entity exposure draft

26 Mar 2010

On 11 March 2010, the IASB and FASB jointly published for comment an exposure draft (ED) on the reporting entity concept.

The proposals form part of a Joint Project to develop a common and improved conceptual framework that provides the basis for developing future accounting standards. The latest Heads Up newsletter from Deloitte United States discusses the ED. Click to download the Heads Up Newsletter (PDF 95k).

 

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Updated EFRAG 'endorsement status report'

26 Mar 2010

The European Union has endorsed the 2009 Improvements to IFRSs and Amendments to IFRS 2 Share-based Payment by publication in the Official Journal on 24 March 2010. Therefore, the European Financial Reporting Advisory Group (EFRAG) has updated its report showing the status of endorsement, under the EU Accounting Regulation, of each IFRS, including standards, interpretations, and amendments.

Click to download the Endorsement Status Report as of 25 March 2010 (PDF 116k). Currently, six IASB pronouncements await endorsement action. You can always find the endorsement status report Here.

 

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Agenda project pages updated

26 Mar 2010

We have updated the following IASB agenda project pages on IAS Plus to reflect the discussions and decisions at the IASB's March 2010 Board meeting and joint meeting with FASB:

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Notes from Joint IASB-FASB meeting 24 March

25 Mar 2010

The IASB and FASB are holding a joint meeting at the IASB's offices in London on Monday-Wednesday 22-24 March 2010.

Click to go to the preliminary and unofficial Notes Taken by Deloitte Observers at the meeting.

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IFRS Insights newsletter

25 Mar 2010

We have posted the IFRS Insights Newsletter for March-April 2010 from Deloitte & Touche LLP (United States).

IFRS Insights is a newsletter on IFRS aimed at US companies. This issue includes:
  • An update covering the Securities and Exchange Commission's (SEC) recent statement and IFRS Work Plan
  • An article about IFRS and repatriation planning with a look at the opportunities and challenges in statutory reporting
  • An overview of the IASB exposure draft, Financial Instruments: Amortized Cost and Impairment
  • An industry update about Rate-regulated activities
  • Featured IFRS polling results from a recent Deloitte IFRS Dbriefs webcast.
Click to view IFRS Insights Newsletter for March-April 2010 (PDF 404k). We have Permanent Links to all IFRS Insights on our USA country page.

 

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Notes from Joint IASB-FASB meeting 23 March

24 Mar 2010

The IASB and FASB are holding a joint meeting at the IASB's offices in London on Monday-Wednesday 22-24 March 2010.

Click to go to the preliminary and unofficial Notes Taken by Deloitte Observers at the meeting.

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SEC statement on IFRSs in the United States (Spanish translation)

24 Mar 2010

On 24 February 2010 the US Securities and Exchange Commission approved a 71-page.

The SEC Statement provides an overview of the Commission's IFRS activities, summarises some of the public feedback on the proposed IFRS roadmap, and outlines an approach going forward. Deloitte (Colombia) has published a Spanish translation of the Commission's statement: Declaración de la SEC en respaldo de la convergencia y de los estándares globales de contabilidad (PDF 499k).

 

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Notes from Joint IASB-FASB meeting 22 March

23 Mar 2010

The IASB and FASB are holding a joint meeting at the IASB's offices in London on Monday-Wednesday 22-24 March 2010.

Click to go to the preliminary and unofficial Notes Taken by Deloitte Observers at the meeting.

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