On the Horizon for IFRS 2008

Related documents

•   IASB issues September 2008 and additional October 2008 meeting highlights (On the Horizon for IFRS, November 14, 2008) (139 KB)

  The International Accounting Standards Board has issued the September 2008 IASB Update which summarizes the Board’s meeting in London on September 16-19, 2008. Also, the Board held a special one-day meeting in London and has issued the October 2, 2008 IASB Update. Highlights of the meetings are discussed.

•   IASB issues amendments permitting the reclassification of financial instruments (On the Horizon for IFRS, November 3, 2008) (149 KB)

  Also included: IASB proposes amendments to financial instruments disclosures, IASB and FASB propose enhancements to the presentation of financial statements, IASB and FASB announce creation of global advisory group to review credit crisis reporting issues, IASB provides update on applying fair value in inactive markets, and IASB Expert Advisory Panel issues guidance on fair value of financial instruments in inactive markets.

•   Amendments to IFRS 5 proposed to revise definition of discontinued operations (On the Horizon for IFRS, October 13, 2008) (110 KB)

  Also included: Amendments to IFRS 1 proposed to provide additional exemptions for first-time adopters, IASB announces next steps in response to the credit crisis, IASB staff position on SEC and FASB clarifications on fair value accounting and SEC issues Final Rules related to foreign private issuers.

•   IFRIC issues September 2008 meeting highlights (On the Horizon for IFRS, October 6, 2008) (103 KB)

  The International Financial Reporting Interpretations Committee has issued the September 2008 IFRIC Update, which summarizes the Committee’s meeting in London on September 4-5, 2008. Highlights of the meeting are discussed.

•   IASB issues Update on response to the credit crisis (On the Horizon for IFRS, September 22, 2008) (98 KB)

  The IASB also issues Draft Document on fair value of financial instruments in markets that are no longer active, proposed amendments for its 2008 annual improvements project, and proposed amendments to simplify and achieve convergence for earnings per share.

•   IASB and FASB issue update to 2006 Memorandum of Understanding (On the Horizon for IFRS, September 15, 2008) (145 KB)

  Also discussed in this issue: IASB issues July 2008 meeting highlights.

•   IFRIC issues July 2008 meeting highlights (On the Horizon for IFRS, August 20, 2008) (114 KB)

  IFRIC discusses Draft Interpretation on distributions of non-cash assets to owners. Also, the IFRIC covers Draft Interpretation on customer contributions in this issue.

•   IASB amends IAS 39 requirements for eligible hedged items (On the Horizon for IFRS, August 11, 2008) (109 KB)

  Also discussed in this issue: IASC Foundation proposes enhancements to public accountability and IASB composition.

•   IASB issues June 2008 meeting highlights (On the Horizon for IFRS, August 1, 2008) (164 KB)

  Also covered: the IASB amends IAS 39 for eligible hedged items. Information is also provided on IASB projects, meetings, and effective dates as well as the AICPA's new IFRS website.

•   IFRIC issues IFRIC 15 and IFRIC 16 (On the Horizon for IFRIC, July 14, 2008) (179 KB)

  IFRIC 15 issued to provide guidance on agreements for the construction of real estate. Also, IFRIC 16 was issued to provide guidance on hedges of a net investment in a foreign operation.

•   IASB issues May 2008 meeting highlights (On the Horizon for IFRS, July 8, 2008) (151 KB)

  Other highlights include: IASB board discusses annual improvements process; IASB and FASB seek comments on conceptual framework documents; and IFRS reference materials.

•   IFRIC completes redeliberations of draft interpretation on real estate sales (On the Horizon for IFRS, June 6, 2008) (154 KB)

  Additionally, IFRIC completes redeliberations of draft interpretation on hedges of a net investment in a foreign operation.  Also reported on: IASB forms expert advisory panel on valuation of financial instruments in inactive markets, and IOSCO Technical Committee Task Force issues final report on the subprime crisis.

•   IASB completes its first annual improvements project (On the Horizon for IFRS, May 29, 2008) (117 KB)

  Also, IASB issues amendments to IFRS 1 and IAS 27 for cost of an investment in a subsidiary, jointly controlled entity, or associate. AICPA Council votes to recognize the IASB as a designated standard setter and launches a new IFRS website.

•   IASB discusses 2008 annual improvements project amendment (On the Horizon for IFRS, May 14, 2008) (121 KB)

  Also, the AICPA issues proposal to include IFRS on the Uniform CPA Examination.

•   Center for Audit Quality SEC Regulations Committee – International Practices Task Force March 4, 2008 teleconference highlights (On the Horizon for IFRS, May 9, 2008) (129 KB)

  Also, the IASB issues Insight newsletter for Q1/Q2 2008.

•   IASB issues discussion paper on employee benefits (On the Horizon for IFRS, April 14, 2008) (173 KB)

  Also, IASC Foundation releases exposure draft of IFRS Taxonomy 2008.  Other IASB and IASC developments are reported as well.

•   IASB issues discussion paper on liabilities and equity (On the Horizon for IFRS, March 10, 2008) (121 KB)

  Matters discussed at the February 2008 meeting of the IASB are reported on, and IFRS reference materials are noted.

•   IASB issues discussion paper on reducing complexity in reporting financial instruments (On the Horizon for IFRS, April 7, 2008) (128 KB)

  Highlights of the March 2008 IFRIC meeting are reported as well.