IFRS update - Week 23
10 juni 2010 - De laatste ontwikkelingen rond International Financial Reporting Standards (IFRS) in een handig overzicht elke donderdag op Accountant.nl.
Harmonisatie IFRS - US GAAP
IASB and FASB update to G20 Leaders
(Bron: IASB)
IASB and FASB issue statement on their convergence work
The IASB and the FASB today announced their intention to prioritise the major convergence projects to permit a sharper focus on issues and projects that they believe will bring about significant improvement and convergence between IFRSs and US GAAP.
(Bron: IASB)
SEC statement on FASB-IASB timing changes
US SEC Chairman Mary L Schapiro has issued a statement expressing confidence that the project timing changes planned by the FASB and IASB (see story below) will not negatively affect the Commission's work plan, Announced in February, to consider in 2011 whether and how to incorporate IFRSs into the US financial system.
(Bron: IAS Plus)
IFRS SME
Compatibility Analysis: IFRS for SMEs and the EU Accounting Directives
EFRAG has submitted to the European Commission its analysis of the IFRS for SMEs' compatibility with the EU Accounting Directives.
(Bron: EFRAG)
Banken
FASB Exposure Draft Alarms Bank CFOs
Proposed revisions to accounting for financial instruments make no sense for originate-and-hold institutions, bankers say.
(Bron: CFO.com)
Basels Comité kraakt IASB
Het Basels Comité van Bankentoezichthouders heeft zware kritiek geuit op een voorstel waarin banken verplicht worden elk kwartaal de kredietverliezen op hun hele portefeuille te herzien. Het voorstel van de IASB, de opsteller van het internationale stelsel van boekhoudregels IFRS, lost de problemen van de bestaande regeling niet op. Bovendien zou het onpraktisch en veel te duur zijn, zo luiden volgens bronnen de argumenten van het Basels Comité.
(Bron: Het Financieele Dagblad)
Verzekeraars
Insurers Urge IASB to Reconsider Standards
The Group of North American Insurance Enterprises, an association representing the CFOs of major life insurance companies in Bermuda, Canada, and the United States, has joined with four other insurance industry trade associations based in North and South America, to urge the International Accounting Standards Board to reconsider its decision to apply a single measurement model to both life and non-life insurance contracts.
(Bron: WebCPA)
Goodwill impairment
Goodwill Charges Sink Like a Rock
Goodwill impairment charges dropped dramatically in 2009, falling nearly 73% from the prior year, says a new study from KPMG. The decline is mostly attributable to an increase in the amount of goodwill write-downs taken in 2008, which left less goodwill on corporate balance sheets in 2009, says KPMG.
(Bron: CFO.com)
International Valuation Standards
IVSC publishes exposure draft for new "International Valuation Standards"
The International Valuation Standards Council (IVSC) has today published an Exposure Draft of proposed new "International Valuation Standards" (IVS). These cover valuations for most types of asset, including for the first time a proposed standard for financial instruments. The standards also reflect current developments in the International Financial Reporting Standards, which increasingly require assets and liabilities to be valued.
(Bron: IVSC)
Off balance - Variable interest entities
Back on-balance sheet: Observations from the adoption of FAS 167
Deloitte (United States) has published a paper titled 'Back on-balance sheet: Observations from the adoption of FAS 167'. The paper discusses the effects of a recent FASB standard that changed the rules for consolidating 'variable interest entities'.
(Bron: IAS Plus)
IASB-projecten
IASB Projects : A pocketbook guide
Ernst & Young has issued the first edition of a new quarterly guide which summarises the key features of the various IASB projects, many of which are joint projects with the FASB as part of ongoing efforts to converge IFRS and US GAAP. In particular, the pocket guide summarises the proposed standards based on the tentative decisions taken to date and sets out some of the potential financial and business implications of these decisions, together with Ernst & Young's views on the projects.
(Bron: Ernst & Young)
Tweedie
Tweedie replacement must juggle dual roles
With a short list in circulation the hunt for a new chairman of the IASB is edging to a close.
(Bron: AccountancyAge)
EFRAG
EFRAG Annual Review 2009
2009 turned out to be a very challenging year from a political and technical accounting perspective and has largely been dominated by the financial and economic crisis and the related consequences for financial reporting. Financial reporting remained high on the agenda of the politicians, a situation that the financial world has not often, if at all, faced before.
(Bron: EFRAG)
Nieuwsbrieven
Ernst & Young
Deloitte
PwC
Commentaren
FEE
EFRAG
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