EU Finance Ministers Support Trustees’ Long-term Financing Plan
14th Jul 2006 The Economic and Financial Affairs Council of the European Union (ECOFIN), the committee of EU Finance Ministers, voiced their support for Trustees’ plans for a sustainable, broad-based funding system when current financing commitments for the IASC Foundation expire at the end of 2007. Click here for details.
Work on converging accounting standards must go on
22nd May 2006 Surprisingly, the Financial Times and a draft report from the UK arm of PwC recently called for efforts aimed at further international convergence of accounting standards to be abandoned. In the light of progress already made by the International Accounting Standards Board and the US Financial Accounting Standards Board, these calls are unfounded and should be firmly resisted. This comment article, by Tommaso Padoa-Scioppa, was published in the Financial Times on 19 May 2006.
Annual Report 2005 now available
4th May 2006 The IASC Foundation has published its report on its activities in 2005. The report also contains audited financial statements and other information, including a report on the IASB’s activities. To view the report, click here
Trustees invite comment on IFRIC’s Due Process Handbook
4th May 2006 The Trustees of the International Accounting Standards Committee (IASC) Foundation today published for public comment a consultation document Due Process of the International Financial Reporting Interpretations Committee Draft Handbook. The deadline for public comment on the document is 30 September 2006.
