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  • EFRAG does not support IFRIC D20

    Nov 30, 2006

    The European Financial Reporting Advisory Group (EFRAG) has written to the International Financial Reporting Interpretations Committee expressing reservations about the proposals in IFRIC Draft Interpretation D20 Customer Loyalty Programmes.

  • Deloitte partner assumes the Presidency of IFAC

    Nov 30, 2006

    Fermin del Valle, a Partner in Deloitte Argentina since 1980, has become the President of the International Federation of Accountants for a two-year term ending in November 2008.

  • Japan and EC discuss accounting progress

    Nov 30, 2006

    Officials from the Japanese Financial Services Agency and the European Commission met in Tokyo on 27 November 2006 to discuss the progress made by Japan towards converging with International Financial Reporting Standards.

  • IPSASB proposal on disclosure of assistance

    Nov 29, 2006

    The International Public Sector Accounting Standards Board IPSASB) has published Exposure Draft 32 on Financial Reporting Under the Cash Basis of Accounting – Disclosure Requirements for Recipients of External Assistance.

  • European discussion paper on performance reporting

    Nov 28, 2006

    The European Financial Reporting Advisory Group (EFRAG) and the Instituto de Contabilidad y Auditoría de Cuentas (or ICAC) have published a Discussion Paper on performance reporting entitled 'What (if anything) is wrong with the good old income statement?' It is the second paper issued under the auspices of the Pro-active Accounting Activities in Europe (PAAinE).

  • EC Commissioner comments on accounting issues

    Nov 24, 2006

    In a presentation titled Rewarding Excellence in Legibility of Accounts: Meeting the IFRS Challenge, Charlie McCreevy, the European Commissioner for Internal Market and Services, commented on a number of IFRS-related issues: