Новости

ASB Draft Response to the IASB’s Proposals for Amendments under its Annual Improvements Project

The Accounting Standards Board (ASB) is today issuing for comment its draft response to the International Accounting Standards Board’s (IASB’s) exposure draft of Proposed Amendments to International Financial Reporting Standards (IFRS) under its first Annual Improvements project. The ASB is inviting comments in advance of submitting the letter to the IASB.

EFRAG will do cost-benefit assessments of IFRSs

The October 2007 Edition of EFRAG Update, published by the European Financial Reporting Advisory Group, reports that EFRAG is likely to extend the work that it normally carries out in making IFRS endorsement recommendations to the European Commission to include “some form of cost-benefit study” for individual IFRSs, including Interpretations.

MICEX introduces new rules for foreign currency trading

Starting from December 10th 2007, clearing functions will be relayed to the National Clearing Center (NCC).

NASB sent a comment letter to IASB

The National Accounting Standards Board thinks that the approach based on guidance for “IFRS for SMEs” is more rational than the one based one cross references to the original full set of accounting standards.

Swiss Exchange guidance on IFRS implementation

The Swiss Stock Exchange (SWX) has released its Annual Communique (PDF 26k) identifying the areas on which they expect to focus in their regulatory reviews of annual financial reports for 2007 and semi-annual financial reports for 2008 of Swiss Exchange (SWX) listed companies.

Latest NASB of Russia meeting: brief results

At its latest meeting held on October 25, the National Accounting Standards Board of Russia (NASB) discussed a project of accounting standard AS 11 “Construction contracts”, a project of a comment letter to the IASB concerning proposed amendments to IAS 39 “Exposures qualifying for Hedge Accounting” and a concept of AS 12 “Income taxes”.

FEI Canada calls for one year delay in IFRS implementation

In an appearance before the Accounting Standards Oversight Council (AcSOC), FEI Canada urged AcSOC to address outstanding concerns or alternatively consider an extension of the implementation deadline.

Financial Accounting Standards Board Meets with Accounting Standards Board of Japan to Discuss Global Convergence

Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) recently gathered in Norwalk for a joint meeting. Led by Robert H. Herz, Chairman of the FASB, and Ikuo Nishikawa, Chairman of the ASBJ, the meeting was the fourth in a series of discussions between FASB and ASBJ designed to enhance dialogue between the two Boards in their shared pursuit of global convergence of accounting standards.

US accounting chief calls for “unity” timetable

US authorities need to draw up a “national plan” for moving to a single set of global accounting standards, according to the chief US standard setter – a shift that could come in as little as four years.

ASB proposes Amendments on Financial Instruments: Exposures Qualifying for Hedge Accounting

The Accounting Standards Board (ASB) has today issued an exposure draft of amendments to Financial Reporting Standard (FRS) 26 (IAS 39) “Financial Instruments: Recognition and Measurement – Exposures Qualifying for Hedge Accounting”. This follows similar proposals issued in September 2007 by the International Accounting Standards Board (IASB).