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IASB Press Releases



IASB takes steps to assist adoption of IFRSs and reinforce consultation - No new IFRSs effective until 2009
24th Jul 2006
The International Accounting Standards Board (IASB) today announced a number of steps taken as a result of its ongoing review of its work programme and of market practices.  When the IASB considered its technical plan at its meeting in June, the IASB affirmed its commitment to the joint work programme described in the Memorandum of Understanding with the US Financial Accounting Standards Board (FASB) published in February 2006. 

IFRIC issues Interpretation on interim financial reporting and impairment
20th Jul 2006
The International Financial Reporting Interpretations Committee (IFRIC) has today issued an Interpretation —IFRIC 10 Interim Financial Reporting and Impairment.  The Interpretation addresses the apparent conflict between the requirements of IAS 34 Interim Financial Reporting and those in other standards on the recognition and reversal in financial statements of impairment losses on goodwill and certain financial assets.   

IASB to review standards on employee benefits, leases and related parties
19th Jul 2006
The International Accounting Standards Board (IASB) announced today that it has added three new projects to its agenda.  The first two will be comprehensive reviews of the standards on leases and employee benefits.  The third project is to amend the standard on related party disclosures. 


US FASB and IASB publish first draft chapters of joint conceptual framework
6th Jul 2006
Boards seek constituents’ feedback on proposal that defines objective of financial reporting and qualitative characteristics of decision-useful information.

IASB publishes proposals to improve the financial reporting of particular financial instruments
22nd Jun 2006
The International Accounting Standards Board (IASB) today published for public comment proposals to improve the financial reporting of particular types of financial instruments that have characteristics similar to ordinary shares but are at present classified as financial liabilities.  The proposals, which respond to requests from entities around the world, are set out in an Exposure Draft of proposed amendments to IAS 32 Financial Instruments: Presentation and IAS 1 Presentation of Financial Statements.

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