The meeting is open to public observation but will not be webcast. Board member Warren McGregor will chair the two-day event. The agenda is shown below.

11-12 September 2008, London Thursday 11 September 2008 (09:30-17:30) 9:30 Welcome, Sir David Tweedie, IASB Chairman 10:00 Consolidation 13:30 IFRS implementation 16:30 Implementation Update: IFRIC and Annual Improvements Friday 12 September 2008 (09:00-16:00) 9:00 IASB Planning and Priorities 10:00 Implementing the [proposed] IFRS for Private Entities: The South African Experience 11:15 Option 1 - IFRS for Private Entities 11:15 Option 2 - Project Sessions: Choose 1 of: Liabilities and equity Reducing complexity in reporting financial instruments Presentation of financial statements Revenue recognition 14:00 Option 1 - IFRSs: Technical Update and Q&A 14:00 Option 2 - Project Sessions: Choose 1 of: Liabilities and equity Reducing complexity in reporting financial instruments Presentation of financial statements Revenue recognition 15:45 Concluding comments

 

This marks a significant change of policy for the JICPA, which previously had favoured maintaining separate Japanese accounting standards for listed companies and converging those standards with IFRSs.

The JICPA said that the US SEC's Proposal to phase in IFRSs for public companies in the United States triggered its change of position. The new policy can be found in a news release on the JICPA Website in Japanese (not yet on their English pages).

 

 

This report discusses the results of approximately 200 responses by US-company senior finance professionals to Deloitte's 2008 survey on IFRSs. The primary goal of the survey was to ascertain US companies' level of awareness about and interest in IFRSs. One interesting finding was that 30% of the respondents said that, if given the choice now, they would consider adopting IFRSs. Click to download:

• Encuesta IFRS 2008: ¿Dónde nos encontramos hoy? (PDF 1,260k).
• 2008 IFRS Survey – Where Are We Today? (PDF 850k).

 

Download links are below and on our China Page. The newsletters are translations of the English language versions, which can be found Here.

• Newsletter on Annual Improvements 2008 Exposure Draft (PDF 156k)
• Newsletter on Earnings per Share Exposure Draft (PDF 142k)

Our CAS Plus Website has more information in Chinese.

 

• Boletín IAS Plus Agosto 2008 Mejoramientos Anuales para el 2008 (IAS Plus Newsletter: Annual Improvements) (PDF 161k)
• Boletín IAS Plus Agosto 2008 El Denominador Común (IAS Plus Newsletter: Earnings per Share) (PDF 141k)
• Por qué usted necesita saber acerca de XBRL (Why You Need to Know About XBRL) (PDF 375k)
• Planeación para la adopción de los IFRS (IFRS for US 'Planning for IFRS Adoption') (PDF 404k)
• Boletín de presentación de reportes en los Estados Unidos para compañías que no tienen sede en los Estados Unidos (US Reporting Newsletter for Non-US Based Companies) (PDF 362k)

You will find permanent links to other Spanish language IFRS publications on our Spanish Resources Page.

 

Details are in the table below:

Comment Document	Deadline
Discussion Paper: Financial Instruments with Characteristics of Equity	5 Sept 2008
Discussion Paper: Reducing Complexity in Reporting Financial Instruments	19 Sept 2008
Review of the Constitution: Public Accountability and the Composition of the IASB – Proposals for Change	20 Sept 2008
Discussion Paper: Preliminary Views on Amendments to IAS 19 Employee Benefits	26 Sept 2008
Exposure Draft: An improved Conceptual Framework for Financial Reporting: Objective of Financial Reporting and Qualitative Characteristics and Constraints	29 Sept 2008
Discussion Paper: Preliminary Views on the Reporting Entity Concept	29 Sept 2008

 

The roadmap "marks an important stage in what the American Institute of Certified Public Accountants believes will be the eventual move from US Generally Accepted Accounting Principles to international accounting standards for public companies."

Click to view Statement Supporting the SEC Roadmap (PDF 41k).

 

It can be downloaded from the IASCF Website.

 

The roadmap proposes to:

• give certain US issuers the option to use IFRSs in their financial statements filed on Form 10-K for financial years ending on or after 15 December 2009, and
• establish seven milestones that, if achieved, could lead to an SEC decision for mandatory use of IFRSs starting for financial years ending on or after 15 December 2014.

Click to view On the Road to IFRSs (PDF 190k).