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  • IASB meets with CIS and Baltic States for IFRS update

    Nov 30, 2011

    On 28 and 29 November 2011, members of the IFRS Foundation and the IASB met with representatives of professional accounting and auditing bodies and ministries from the Commonwealth of Independent States (CIS) and the Baltic States.

  • Stay Tuned Online — IFRS and UK GAAP update

    Nov 28, 2011

    The Deloitte London IFRS Centre of Excellence is running a series of hour-long Internet-based financial reporting updates, aimed at helping finance teams keep up to speed with IFRSs and other financial reporting issues.

  • EU formally adopts IFRS 7 amendments

    Nov 28, 2011

    The European Union has published the Commission Regulation (EC) No 1205/2011 endorsing the amendments to IFRS 7 Financial Instruments: Disclosures published by the IASB on 7 October 2010.

  • Updated EFRAG 'endorsement status report'

    Nov 28, 2011

    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.

  • ESMA statement on sovereign debt in IFRS financial statements

    Nov 25, 2011

    The European Securities and Markets Authority (ESMA) has posted to its website a statement concerning the accounting treatment in relation with sovereign debt exposures in connection with current market developments. Special consideration is given to the accounting treatment of Greek sovereign debt.

  • Remarks by IASB Chairman Hans Hoogervorst at the IFRS Foundation Conference in Melbourne

    Nov 25, 2011

    On 24 November 2011, IASB Chairman Hans Hoogervorst addressed the IFRS Foundation Conference in Melbourne, Australia. In his speech, he discussed a wide number of topics, including the adoption of IFRSs in the Asia-Pacific region, the current status of the financial instruments project, and the prospects for global adoption of accounting standards, including an assessment of the work plan papers recently issued by the US SEC Staff.

  • The Bruce Column – Analysing the SEC's Staff papers

    Nov 23, 2011

    The SEC has released its staff papers comparing US GAAP and IFRS and analysing the use of IFRS in practice. Our regular resident columnist, Robert Bruce looks at what they mean for the way ahead for financial reporting.