IFRS update - Week 10
11 maart 2010 - De laatste ontwikkelingen rond International Financial Reporting Standards (IFRS) in een handig overzicht elke donderdag op Accountant.nl.
Japan - Fair value
Japan on board with fair value
The Japanese Financial Services Agency will adopt the use of the fair value accounting rule for some of its companies on a voluntary basis from 10 March. The decision by Japan to take up IFRS 9, Financial Instruments (replacement of IAS 39) offers some support to the global accounting standard setter, the International Accounting Standards Board, which has faced political confrontation during the economic crisis as to how the controversial accounting rule should be administered.
(Bron: Accountancy Magazine)
Status invoering IFRS in de EU
Endorsement Status Report Update
During its meeting of 4 March 2010 the ARC voted in favour of endorsement of Revised IAS 24, Amendments to IFRIC 14, IFRIC 19 and Amendment to IFRS 1. EFRAG has updated the EFRAG Endorsement Status Report.
(Bron: EFRAG)
The ARC voted in favour of the adoption of IAS 24 - Related Party Disclosures (Revised 2009), Amendments to IFRIC 14 - Prepayments of a Minimum Funding Requirement, IFRIC 19 - Extinguishing Financial Liabilities with Equity Instruments and Amendment to IFRS 1 - Limited Exemption from Comparative IFRS 7 Disclosures for First-time adopters.
(Bron: Europese Commissie)
Banken
Turner and Tweedie to the rescue
Standard setters and regulators may join forces under a plan which could preserve global economic stability without manipulating accounting rules. The International Accounting Standards Board (IASB) has proposed including a new "regulatory page" in the annual reports of banks and other financial institutions that would include modified income figures that could be used for calculating bonuses and share dividends. This would leave the core financials separate and "unpolluted" by regulatory calculations.
(Bron: AccountancyAge)
IOSCO
IOSCO publishes Principles for Periodic Disclosure by Listed Entities
The Technical Committee of the International Organization of Securities Commission (IOSCO) has published a final report - Principles for Periodic Disclosure by Listed Entities (Periodic Disclosure Principles) - that includes a set of recommendations for disclosures that could be provided in the periodic reports, particularly annual reports, of listed entities whose securities are listed or admitted to trading on a regulated market in which retail investors participate.
(Bron: IOSCO)
UK - Tussentijdse berichtgeving - IAS 34
Measuring by Halves
Deloitte (United Kingdom) has published Measuring by Halves, a survey of half-yearly financial reporting in 2009 by 130 listed companies in the United Kingdom. The survey focuses on compliance with the requirements of IAS 34 Interim Financial Reporting and with the half-yearly reporting requirements in the Disclosure and Transparency Rules (DTR) contained in the Financial Services Authority Handbook.
(Bron: IAS Plus)
Toekomst verslaggeving
Developments in New Reporting Models; idem Abstract
The Financial Reporting Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW) has published Developments in New Reporting Models. This report argues that business reporting has to change to reflect changes in business, in information technology, and in users' needs. This is a perpetual process. Therefore, the debate on the future of business reporting therefore needs to be reframed - not as a stark choice between an old model and a new one - but in terms of the need for continuing evolutionary improvements.
(Bron: IAS Plus)
IFRS in de VS
Half of US execs want to use IFRS early - survey
About half of U.S. executives would like to be able to move to international accounting sooner rather than later even though U.S. regulators have not made a formal decision to mandate a switch, according to a new survey on Tuesday.
(Bron: Reuters)
VS - Beleggingsfondsen - Off balance
Investment Companies Get Deferral on Consolidation
The Financial Accounting Standards Board has finalized a deferred effective date for investment companies in complying with new consolidation rules intended to bring more assets on to corporate balance sheets.
(Bron: Compliance Week)
Commentaren
EFRAG
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