2 July 2010
The Commission Regulation (EU) No 574/2010 of 30 June 2010, published in the Official Journal of the European Union L 166 on 1 July 2010, amends IFRS 1 Limited Exemption from Comparative IFRS 7 Disclosures for First-time adopters. The adoption of the amendment to IFRS 1 implies, by way of consequence, amendments to IFRS 7.
The amendments to IFRS 1 and IFRS 7 shall be applied, at the latest, as from the...
1 July 2010
The OIC’s comment letter on IASB ED An improved Conceptual Framework for financial reporting: the reporting entity in reply to EFRAG’s draft comment letter and on IASB ED Financial Instruments: Amortised cost and impairment are now available.
The documents are enclosed.
30 June 2010
The IASB has published for public comment:
- further enhancements to a disclosure proposal on Level 3 fair value measurements that formed part of the IASB’s exposure draft Fair Value Measurement published in May 2009. The exposure draft Measurement Uncertainty Analysis Disclosure for Fair Value Measurements is open for comment until 7 September 2010;
- jointly with the FASB, a draft standard to improve and...
24 June 2010
The Commission Regulation (EU) No 550/2010 of 23 June 2010, published in the Official Jounal of the European Union L 157 on 24 June 2010, amends IFRS 1 Additional Exemptions for First-time Adopters.
The amendments to IFRS 1 shall be applied, at the latest, as from the commencement date of the first financial year starting after 31 December 2009.
Please find the Regulation herewith...
31 May 2010
The Executive Board of the OIC has published the Application guidance No 5 “I bilanci di liquidazione delle imprese IAS compliant”.
The purpose of the document is to identify the principles and basis to prepare financial statements and other financial reports in case of liquidation by entities that are IAS compliant.
27 May 2010
The IASB has today published for public comment proposals to improve the consistency of how items of Other Comprehensive Income (OCI) are presented.
The exposure draft Presentation of items of Other Comprehensive Income (Proposed amendments to IAS 1) is open for comment until 30 September 2010.
The document is available on the IASB website.
Please find the press release herewith...
25 May 2010
The OIC has decided to launch a project aimed at revising the existing national accounting standards for the updating and implementation. In order to maximize the efficiency of the project, the OIC aims to gather comments and suggestions of the parties interested in the application of accounting principles. Therefore, a questionnaire has been prepared in order to to collect efficiently comments.
For organizational...
24 May 2010
The OIC’s comment letter on IASB ED Measurement of Liabilities in IAS 37 is now available.
The document is enclosed