24 March 2010
The following Regulations have been published in the Official Journal of the European Union L 77 on 24 March 2010:
- Commission Regulation (EU) No 243/2010 of 23 March 2010. It adopts Improvements to International Financial Reporting Standards (IFRSs), issued in April 2009, amending certain international accounting standards (IAS 1, IAS 7, IAS 17, IAS 36, IAS 38, IAS 39, IFRS 2, IFRS 5, IFRS 8, IFRIC 9 and...
19 March 2010
EFRAG has today published a questionnaire inviting responses from preparers relating to the practical and implementation issues arising from the IASB’s ED Financial Instruments: Amortised Cost and Impairment. Responses are invited by 15 April 2010.
Please find the questionnaire herewith attached.
19 March 2010
The Trustees of the International Accounting Standards Committee Foundation invite nominations of suitable candidates for membership of the SME Implementation Group (SMEIG).
The mission of the SMEIG is to support the international adoption of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) and to monitor its implementation.
Nominations and applications are invited...
18 March 2010
The OIC’s comment letter on IASB ED Measurement of Liabilities in IAS 37, in reply to EFRAG’s draft comment letter is now available.
Please find the document herewith attached.
16 March 2010
A project on developing a Disclosure Framework has commenced as part of the EFRAG’s pro-active work. The aim of the project is to make a significant contribution to improving the presentation and relevance of information in financial reports. The project is being led by EFRAG and supported by the UK ASB. As part of the arrangements for the project, a pan-European advisory panel is being set up to support the...
15 March 2010
The Executive Board of OIC published for public comment the “Applicazione IFRS – IFRIC 12 – Accordi per servizi in concessione”. The document is open for comment until 16 April 2010.
Given the complexity of the Interpretation, that has been adopted by EU, and the potential effects on the financial statements of the Italian companies, the OIC decided to develop a paper that explains the...
12 March 2010
The IASB and the FASB published for public comment an exposure draft on the reporting entity concept.
The proposals form part of a joint project to develop a common and improved conceptual framework that provides the basis for developing future accounting standards.
Comments on the exposure draft are invited by 16 July 2010.
Please find the press release herewith...
12 March 2010
The OIC’s comment letter on the European Commission consultation paper on IFRS for SMEs is now available.
Please find the document herewith attached.