News

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Post-employment benefits added to March agenda

13 Mar 2008

Post-employment Benefits has been added to the agenda for the IASB meeting on Friday 14 March 2008.

Click here for the Complete Agenda for this week's Board meeting.

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Notes from day 2 of the March 2008 IASB meeting

13 Mar 2008

The International Accounting Standards Board held its March 2008 meeting at the IASB's offices, 30 Cannon Street, London on Tuesday to Friday 11-14 March 2008.

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SEC financial reporting advisory panel will meet

13 Mar 2008

The US Securities and Exchange Commission's Advisory Committee on Improvements to Financial Reporting (ACIFR) will hold an open meeting on 13 and 14 March 2008 in San Francisco.

The meeting will include three panels that will discuss the 'developed proposals' that the ACIFR published on 14 February 2008 as part of their Progress Report (PDF 989k) to the Commission (see our News Story of 16 Feb 2008). The three panels at the upcoming meeting will cover:
  • Panel One – Restatements and Materiality and Discussion of Developed Proposals 3.1, 3.2, and 3.3.
  • Panel Two – Professional Judgment and Discussion of Developed Proposal 3.4.
  • Panel Three – XBRL and Discussion of Developed Proposal 4.1.
Here is the Agenda for the Meeting (PDF 63k). The meeting will be webcast.

 

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Notes from day 1 of the March 2008 IASB meeting

12 Mar 2008

The International Accounting Standards Board held its March 2008 meeting at the IASB's offices, 30 Cannon Street, London on Tuesday to Friday 11-14 March 2008.

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Updated EFRAG endorsement status report

12 Mar 2008

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 12 March 2008 (PDF 104k). Currently, the following IASB pronouncements have not yet been endorsed for use in Europe:
  • IFRS 2 Share-based Payment: Vesting Conditions and Cancellations
  • IFRS 3 Business Combinations (2008)
  • IAS 1 Presentation of Financial Statements (revised September 2007)
  • IAS 23 Borrowing Costs (revised March 2007)
  • IAS 27 Consolidated and Separate Financial Statements (2008)
  • IAS 32 Amendments for Puttable Instruments and Obligations Arising on Liquidation
  • IFRIC 12 Service Concession Arrangements
  • IFRIC 13 Customer Loyalty Programmes
  • IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements, and their Interaction

 

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IASC Foundation XBRL Update

11 Mar 2008

The XBRL team of the IASC Foundation has published the March 2008 IASCF XBRL Update.

The newsletter provides an update on the XBRL-enablement of IFRSs around the world. This issue has news about IFRS-XBRL internationally and from a number of jurisdictions, including Belgium, Europe, India, Ireland, Israel, Japan, Singapore, and United States. There is also information about the IFRS XBRL taxonomy and upcoming events.
Click to view March 2008 IASCF XBRL Update (PDF 135k).

 

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IASC Foundation appoints three Trustees

11 Mar 2008

Three new Trustees have been appointed to the International Accounting Standards Committee Foundation, under which the IASB operates.

The appointments are for terms of three years, renewable once:
  • Robert Glauber, retired chairman and chief executive officer, NASD (the private sector regulator of the US securities market), and former Under Secretary of the Treasury for Finance, United States
  • Pedro Malan, former Finance Minister and former president of the Central Bank of Brazil, and currently chairman of the board of Unibanco
  • Luigi Spaventa, former chairman of the Commissione nazionale per le societa e la borsa (Consob) and former Minister of the Budget, Italy
The appointments fill vacancies created by the retirement of William McDonough of the United States, Roberto Teixeira da Costa of Brazil, and Kees Storm of the Netherlands, respectively. Click for Press Release (PDF 59k).

 

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Deloitte's Global Tax Alerts

09 Mar 2008

Our global tax alerts, prepared by Deloitte professionals around the world, provide timely commentary and analysis on tax developments affecting cross-border transactions.

You can find Links to Download Deloitte's Global Tax Alerts here. On that page, also, you may subscribe to receive these alerts by email.

 

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Reminder about upcoming comment deadline on IFRS 2/IFRIC 11 revision

09 Mar 2008

We remind you that 17 March 2008 is the deadline for responding to the IASB Exposure Draft Proposed Amendments to IFRS 2 and IFRIC 11: Group Cash-settled Share-based Payment Transactions, which was published on 13 December 2007.

More information is available on our project page.

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IFRIC agenda pages are updated

09 Mar 2008

We have updated the following IFRIC agenda issues pages to reflect the discussions and decisions at the meeting of the International Financial Reporting Interpretations Committee on 6 March 2008:

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.