IASB | AccountingWEB.com

IASB Chairman Expects SEC to Approve IFRS

01/30/2012 - 15:22 - 654 reads

Speaking at a seminar in Moscow on IFRS, Hans Hoogervorst, Chairman of the IASB, said that he expected the IASB and the FASB to make progress on their remaining convergence projects in the coming year. Hoogervorst also predicted that the SEC would eventually approve IFRS for US companies.

IFRS Foundation Names Prada Chair

12/12/2011 - 13:17 - 763 reads

The IFRS Foundation, which oversees and fundraises for the IASB, announced today the appointment of Michel Prada as Chairman of the IFRSF Board of Trustees.

FEI

IFRS Update: SEC Decision on Adopting IFRS Still Months Away

12/12/2011 - 12:42 - 1975 reads

James Kroeker, the SEC chief accountant, said last week that the SEC staff will need "at least a few more months" to complete its work on a report to the commission that will show the impact of adopting IFRS on US companies and capital markets. The SEC will study the staff report before making a decision.

IASB's Hoogervorst: SEC's IFRS Decision Cannot Be 'Convergence By Another Name'

12/07/2011 - 23:08 - 507 reads

Building on an earlier speech delivered in Melbourne, Australia in November, in which he called upon the U.S.

FEI

Insurance Standard Proposals Are Fatally Flawed and Unworkable, Says GNAIE

11/02/2011 - 11:29 - 1164 reads

Speaking at the AICPA/IFRS Foundation Conference on International Financial Reporting Standards in Boston recently, Jerry de St. Paer, executive chair, Group of North American Insurance Enterprises (GNAIE), said the current proposals and timelines advanced by the International Accounting Standards Board (IASB) contain fatal flaws.

New XBRL and proposed 2012 US GAAP financial reporting taxonomy released

09/22/2011 - 10:11 - 4743 reads

The IFRS Foundation, the oversight body of the International Accounting Standards Boards (IASB), has announced that it has completed the first part of its project to address requests for extensions to the IFRS XBRL taxonomy.

IFRS Roundtable: Small public companies and regulators concerned about cost of adopting IFRS

07/14/2011 - 08:31 - 2516 reads

Executives from small public companies and auditors representing regional firms participated in the second panel during the SEC's recent roundtable in Washington that explored the benefits and challenges of adopting International Financial Reporting Standards (IFRS).

Investment property a likely target for valuation change

11/09/2010 - 16:36 - 3948 reads

The banking world is buzzing with the possibility that investor balance sheets are about to be vastly reshaped. American rule makers in the accounting industry are looking to change the way land and investments are valued.

IASB cracking down on window dressing

10/14/2010 - 11:05 - 2653 reads

The International Accounting Standards Board (IASB), the global body whose rules are used in more than 100 countries, has strengthened regulations requiring banks to disclose window dressing transactions.

IASB and FASB complete first stage of conceptual framework

10/06/2010 - 15:33 - 3427 reads

The International Accounting Standards Board and the U.S. Financial Accounting Standards Board announced the completion of the first phase of a project to develop an improved conceptual framework for International Financial Reporting Standards and U.S. generally accepted accounting practices.