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international financial reporting standards (IFRS) News




FAF Sets Out Convergence Agenda

by Glen Shapiro, LawAndTax-News.com, New York

Thursday, November 17, 2011

The Financial Accounting Foundation, which oversees the United States accounting standards setter the Financial Accounting Standards Board, has generally backed the Securities and Exchange Commission's proposed approach to converging United States Generally-Accepted Accounting Principles standards with International Financial Reporting Standards. Read Full Story

 


EU To Modify Transparency Directive

by Ulrika Lomas, LawAndTax-News.com, Brussels

Friday, October 28, 2011

The European Commission is proposing to modify notification requirements for acquirers when they reach a certain stake in a listed company, reduce burdensome reporting obligations for all listed companies, and simplify accounting rules for small- and medium-sized enterprises, to produce further cost savings for businesses. Read Full Story

 


FASB Consults On Investment Property Reporting Rules

by Mike Godfrey, Tax-News.com, Washington

Wednesday, October 26, 2011

The US accounting standards setter, the Financial Accounting Standards Board has issued a proposed Accounting Standard Update intended to develop accounting guidance for investment property entities. Read Full Story

 


US Accountants Back IFRS Opt-In

by Leroy Baker, Tax-News.com, Washington

Monday, October 24, 2011

A majority of certified public accountants support optional adoption of the International Financial Reporting Standards by listed United States companies, according to a recent survey by the American Institute of Certified Public Accountants. Read Full Story

 


IFRS 9 Deferred As Convergence Talks Sour

by Amanda Banks, Tax-News.com, London

Tuesday, August 9, 2011

The International Accounting Standards Board has announced its intention in an exposure draft to defer the mandatory adoption of the IFRS 9 standard until January 1, 2015, following disagreement on convergence with the US standards setter, the Financial Accounting Standards Board. Read Full Story

 


IASB Consults On Direction Of IFRS

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 28, 2011

The International Accounting Standards Board has announced the launch of a public consultation to seek broad input on the strategic direction and overall balance of its future work programme. Read Full Story

 


Bermuda Leads Adoption Of Insurance Reporting System

by Amanda Banks, Tax-News.com, London

Friday, July 8, 2011

Bermuda's role in the development of a new computer-based insurance reporting system has been recognised in a new report, leading its regulatory authority to stress the positive impact such software can have on the industry. Read Full Story

 


Trans-Tasman Accounting Convergence Work Completed

by Mary Swire, Tax-News.com, Hong Kong

Friday, May 20, 2011

The Australian Accounting Standards Board and the New Zealand Financial Reporting Standards Board have issued Australian Accounting Standards and New Zealand equivalents to International Financial Reporting Standards. Read Full Story

 


Israeli Government Publishes Financial Statements

by Mary Swire, Tax-News.com, Hong Kong

Thursday, May 12, 2011

The Israeli Government’s financial statements for 2010 have just been published and for the first time units in all branches of the Government have been consolidated in the reporting process. Read Full Story

 


UK SMEs Eager For Accounting Switchover

by Jason Gorringe, Tax-News.com, London

Thursday, April 28, 2011

UK businesses strongly support the introduction of International Financial Reporting Standards and Financial Reporting Standards for small and medium-sized entities as a replacement for UK GAAP, believing that now is the right time to move towards the new model of financial reporting, a new survey from Ernst & Young shows. Read Full Story

 

 

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