Tuesday, February 3, 2009

IAS Latest News

IASB and FASB announce membership of Financial Crisis Advisory Group
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today announced the membership of the Financial Crisis Advisory Group (FCAG). The FCAG is the high-level advisory group set up by the boards to consider financial reporting issues arising from the global financial crisis.

Web presentation introducing the exposure draft on Consolidation
Alan Teixeira, Director of Technical Activities, along with Patrina Buchanan and Michael Buschhueter, Project Managers, will be introducing the exposure draft on Consolidation in a live Web presentation on 8 January 2009, followed by a question and answer session.
Postponed - Live web presentation introducing the Discussion Paper on Revenue Recognition
Due to unforeseeable circumstances the web presentation introducing the Discussion Paper on Revenue Recognition had to be postponed. The two web presentations on 3 February 2009 have been cancelled and will now take place on 10 February 2009 at 9am and 3pm London time.
If you have already registered for the web presentation on 3 February 2009 either at 9am or 3pm London time, you do not need to register again. You have automatically been registered for the respective presentation on 10 February. To access the presentation on the 10 of February you can use the link that was sent to you in the email confirming your registration. You will also receive an email reminder on the day of the presentation.
If you have not previously registered but now want to participate you will need to register.

10 February 2009 at 9am (GMT, London time)
Web registration - Register here
If you want to listen to the presentation over the telephone - Register here
10 February 2009 at 3pm (GMT, London time)
Web registration - Register here
If you want to listen to the presentation over the telephone - Register here

IASB proposes amendments to IFRIC Interpretations
The International Accounting Standards Board (IASB) published today for public comment proposals to amend IFRIC 9 Reassessment of Embedded Derivatives and IFRIC 16 Hedges of a Net Investment in a Foreign Operation.

Trustees enhance public accountability through new Monitoring Board, complete first part of Constitution Review
The Trustees of the IASC Foundation, the oversight body of the International Accounting Standards Board (IASB), today announced important amendments to the organisation’s Constitution, as well as a summary of other agreements reached at the Trustees’ meeting in New Delhi, India, on 15 and 16 January 2009.

IASB proposes amendments to clarify the accounting for embedded derivatives
The International Accounting Standards Board (IASB) today published for public comment proposals to clarify the accounting treatment for embedded derivatives.
IASB January 2009
We are pleased to announce that IASB Update for January is now available:

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