UK Accountants Support Standards Convergence

by Robert Lee, Tax-News.com, London

Monday, April 18, 2011

A new survey shows an overwhelming majority of UK accountants favour the convergence of the Generally Accepted Accounting Practice with International Financial Reporting Standards. Read Full Story

ICAS And NZICA Seek Reduced Disclosure Requirements

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

Monday, April 4, 2011

The Institute of Chartered Accountants of Scotland and the New Zealand Institute of Chartered Accountants have launched a project with the aim of reducing the volume of disclosure requirements in International Financial Reporting Standards. Read Full Story

ASB Sets Out Standard For Public Benefit Entities

by Robert Lee, Tax-News.com, London

Tuesday, March 22, 2011

The UK Accounting Standards Board of the Financial Reporting Council on March 18 published Financial Reporting Exposure Draft 45, setting out proposals to be included in a Financial Reporting Standard for Public Benefit Entities. Read Full Story

IASB Chair Urges US Adoption Of IFRS

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

Wednesday, March 16, 2011

The outgoing Chairman of the International Accounting Standards Board has urged the United States to adopt International Financial Reporting Standards this year, rebuffing concerns that the international accounting rules will be subject to undue influence by foreign governments. Read Full Story

Indian Trade Body Urges IFRS Deferral

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

Friday, December 31, 2010

The Federation of Indian Chambers of Commerce and Industry has urged the government to defer the date of implementation of compliance with International Financial Reporting Standards from April 1, 2011 to a date when companies are better equipped to deal with the envisaged new accounting concepts and standards. Read Full Story

Qatar Praised At Tax Seminar

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, December 13, 2010

The general consensus at a seminar of business leaders held in Doha was that Qatar continues to be a significant player within the Gulf Cooperation Council and on the global stage. Read Full Story

IASB Proposes Improvements To Hedge Accounting

by Robin Pilgrim, LawAndTax-News.com, London

Friday, December 10, 2010

The International Accounting Standards Board on December 9 published for public comment an exposure draft on accounting for hedging activities. Read Full Story

FASB Seeks To Improve Accounting For Repurchase Agreements

by Leroy Baker, Tax-News.com, New York

Friday, November 5, 2010

The US Financial Accounting Standards Board has issued an Exposure Draft on its proposal to improve accounting for repurchase agreements. Read Full Story

SEC Progresses Work Plan For Global Accounting Standards

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

Tuesday, November 2, 2010

The United States’ Securities and Exchange Commission has published its first progress report on the work plan aimed at providing the information needed to evaluate the implications of incorporating International Financial Reporting Standards into the financial reporting system for US securities’ issuers. Read Full Story

IASB Issues Guidance On Financial Liabilities

by Robin Pilgrim, LawAndTax-News.com, London

Friday, October 29, 2010

The International Accounting Standards Board has issued guidance on accounting for financial liabilities to complete the classification and measurement phase of the project to replace IAS 39 Financial Instruments: Recognition and Measurement. Read Full Story

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