Wednesday, January 21, 2009

New releases from IASB

IASB publishes proposed new Consolidation standard as part of comprehensive review of off balance sheet risk
The International Accounting Standards Board (IASB) today published for public comment proposals to strengthen and improve the requirements for identifying which entities a company controls.

Change in effective date of restructured IFRS 1
At its December 2008 meeting the Board decided to change the effective date of revised IFRS 1 First-time Adoption of International Financial Reporting Standards (published in November 2008) from 1 January 2009 to 1 July 2009.

Leading investor appointed as IASC Foundation Trustee
The IASC Foundation announced today the appointment of Scott Evans, Executive Vice President, Asset Management and Chief Executive Officer of TIAA-CREF Investment Management LLC, as a Trustee of the IASC Foundation.

IASB publishes revised proposal to eliminate unnecessary disclosures for state-controlled entities
The IASB today published a revised proposal to simplify the disclosure requirements that apply to state-controlled entities.

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