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  • Asia-Pacific pages updated

    Oct 30, 2003

    We have updated the following national pages to reflect recent accounting standards setting activity in each jurisdiction: Australia, Japan, New Zealand, Philippines, Singapore, and Thailand. .

  • FASB agrees to propose expensing stock options

    Oct 30, 2003

    At its meeting yesterday, the US Financial Accounting Standards Board agreed to expose, for public comment, a standard that would require companies to expense the fair value of stock options granted to employees.

  • Deloitte and IASB will hold an IFRS conference in December

    Oct 29, 2003

    Deloitte and the IASB will jointly sponsor a conference titled Europe and IFRS Beyond 2005 in Paris on 3 and 4 December 2003. The conference will focus not only on IFRSs that will be applicable in 2005 but also on the challenges beyond 2005. Speakers will include Sir David Tweedie, Chairman of the IASB; Rene Ricol, Chairman of the International Federation of Accountants (IFAC); James Leisenring and Gilbert Gelard, IASB Board members; Bertrand Collomb, Chairman of Lafarge and Chairman of the Association Francaise des Enterprises Privees; Michel Pebereau, Chairman of BNP; and many senior executives from industry, banking, insurance, the European Commission, and national standard-setters and regulators.

  • Comment deadlines approaching

    Oct 28, 2003

    We are reminding you that the comment deadline dates on the following IASB and IFRIC proposals are fast approaching: IASB Exposure Draft: ED 5, Insurance Contracts – 31 October 2003 IFRIC Draft Interpretation D2, Changes in Decommissioning, Restoration and Similar Liabilities – 3 November 2003 IASB Exposure Draft: Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk – 14 November 2003 .

  • Six new International Education Standards from IFAC

    Oct 28, 2003

    The International Federation of Accountants (IFAC) has released six International Education Standards (IESs) that establish the global benchmarks for education and development for professional accountants.

  • Adoption of IFRS-based standards in Australia

    Oct 25, 2003

    The Australian Securities and Investments Commission (ASIC) and the Australian Financial Reporting Council (FRC) have urged company boards and management to prepare early for the adoption of IFRS-based accounting standards in Australia.