click here to view online version


Australian Accounting Standards Boards
Issue 41-11
19 October 2011
Website Update Alert
Subject: International Update
1. International
   

International Accounting Standards Board (IASB)

1.  The audio from the 10-11 October 2011 IFRS Advisory Council Meeting is now available.

2.  The IASB has issued a revised version of Editorial Corrections to IFRSs originally issued in June 2011.

3.  The International Financial Reporting Interpretations Committee (IFRIC) has issued IFRIC Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine, which is effective for annual periods beginning on or after 1 January 2013, with early application permitted (Press Release). 

4. The IASB calendar has been updated.

International Federation of Accountants (IFAC)

1.  The IFAC has provided a series of recommendations for consideration by the G-20 nations on the 3-4 November 2011 G-20 Summit.

2.  Registration for the 5-8 December 2011 International Public Sector Accounting Standards Board (IPSASB) Meeting is now available.

United Nations Conference on Trade And Development (UNCTAD)

1.  The speeches and presentations addressed at the 28th session of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) are now available.

 
 
   
2. United States of America
   

Financial Accounting Standards Board (FASB)

1.  The video from the 14 October 2011 FASB Education Session on the Leases project is now available.

2.  The FASB has issued a proposed Accounting Standards Update-Technical Corrections that would make certain technical corrections to the FASB Accounting Standards Codification.

3.  The FASB has added an agenda project to consider deferring certain aspects of Accounting Standards Update No. 2011-05 Comprehensive Income (Topic 220): Presentation of Comprehensive Income (Press Release).

4.  Registration and the agenda papers for the 19-20 October 2011 IASB/FASB Joint Meeting are now available.

5.  The FASB calendar has been updated.

 
 
   
3. Canada
   

Accounting Standards Board (AcSB)

1.  The summary from the 15 September 2011 AcSB Private Enterprise Advisory Committee Meeting is now available.

2.  Registrations for the 10 November 2011 AcSB Roundtable Meeting and for the 14 November 2011 AcSB Conference Call with a view to discuss the IASB Exposure Draft Investment Entities are now available.

 
 
   
4. Europe
   

European Financial Reporting Advisory Group (EFRAG)

1.  The EFRAG summited a final comment letter to the Interpretations Committee on IAS 12 Income tax – rebuttable presumption to determine manner of recovery.

2.  Registration for the 1 November 2011 EFRAG/Norwegian Accounting Standards Board (NASB) Outreach Event on the IASB Agenda Consultation is now available.

3.  Registration for the 15 November 2011 EFRAG Outreach Event on the IASB Agenda Consultation to be held in Warsaw is now available.

4.  Registration for the 25 November 2011 EFRAG/European Commission (EC) Outreach Event on the IASB Agenda Consultation to be held in Brussels is now available.

5.  The EFRAG calendar has been updated.

European Commission (EC)

1.  The minutes from the 30 September 2011 EC Expert Group Meeting on disclosure of non-financial information by EU companies are now available.

 
 
   
5. United Kingdom
   

Financial Reporting Council (FRC)

1.  The FRC has launched UK's first "Financial Reporting Lab" to identify practical solutions to today's reporting problems facing companies and investors (Press Release).

2.  The FRC, together with the Department for Business, Innovation and Skills (BIS), launched a Consultation proposing its future role and position to promote the highest standards of corporate reporting, governance and auditing.

 
 
   
6. New Zealand
   

External Reporting Board (XRB)

1.  The 2011-7 Communiqué from the 28 September 2011 NZASB Board Meeting is now available.

 

 
 
   
Contact AASB

The AASB International Update is provided as a courtesy to subscribers. Links to websites are correct at the time of publication. Subscribers should not rely on the service as a definitive publication of updates. The Australian Accounting Standards Board does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, timeliness or completeness of the notification service. Invalid email addresses and those with a full mailbox will be removed from the list. Access to the AASB website is subject to the terms and conditions outlined at http://www.aasb.gov.au/Copyright.aspx.