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Australian Accounting Standards Boards
Issue 44-11
9 November 2011
Website Update Alert
Subject: International Update
1. International
   

International Accounting Standards Board (IASB)

1.  The summary from the 13 October 2011 IFRS Foundation Trustees' Due Process Oversight Committee (DPOC) meeting is now available.

2.  The summary from the 31 October - 1 November 2011 biannual meeting held by the representatives of the IASB and the Accounting Standards Board of Japan (ASBJ) is now available.

3.  The IASB has issued an updated summary in response to the conclusions made from the 3-4 November 2011 G20 Leaders Summit. 

4.  The agenda papers from the 8 November 2011 Meeting of IASB representatives with the Global Preparers Forum are now available.

5.  Registration and the agenda papers for the 15-16 November 2011 IASB Meeting are now available.          

6.  The IASB work plan has been updated.

7.  The IASB calendar has been updated.

International Integrated Reporting Committee (IIRC)

1.  Registration for the 15 November 2011 IIRC webcast on integrated reporting is now available.

 
 
   
2. United States of America
   

Financial Accounting Standards Board (FASB)

1.  The FASB has added a standard-setting project and a research project to improve financial reporting by not-for-profit organizations (Press Release).

2.  The FASB has issued a proposed Accounting Standards Update - Comprehensive Income (Topic 220) for comment by 23 November 2011.

3.  The FASB has issued a proposed Accounting Standards Update - Consolidation (Topic 810) for comment by 17 January 2012.

4.  The video from the 8 November 2011 FASB Small Business Advisory Committee Meeting is now available.

5.  The video from the 9 November 2011 FASB Education Session on the Insurance project is now available.

6.  The video from the 9 November 2011 FASB Board Meeting on agenda decision of not-for-profit financial reporting is now available.

7.  The FASB calendar has been updated.

Financial Accounting Foundation (FAF)

1.  The agenda for the 15 November 2011 FAF Board of Trustees Meeting is now available.

2.  Registration for the 18 November 2011 FAF webcast on its plan to improve private company financial reporting is now available.

 
 
   
3. Canada
   

Accounting Standards Board (AcSB)

1.  The AcSB has issued an Exposure Draft Government Loans (Proposed Amendments to IFRS 1) for comment by 5 January 2012.

2.  Registration for the 12 January 2012 AcSB's IFRS Discussion Group Meeting is now available.

 
 
   
4. Europe
   

European Financial Reporting Advisory Group (EFRAG)

1.  The EFRAG has issued an Invitation for Comment on its draft endorsement advice and draft effects study report on IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine.

2.  The EFRAG calendar has been updated.

 
 
   
5. United Kingdom
   

Financial Reporting Council (FRC)

1.  The Sharman Panel of Inquiry has published its Preliminary Report and Recommendations to improve the disclosures required in IFRSs of going concern and liquidity risks facing entities .

 
 
   
6. Germany
   

Accounting Standards Committee of Germany (GASC)

1.  The report from the 27-28 October 2011 German Accounting Standards Board (GASB) Meeting is now available.

 
 
   
7. New Zealand
   

External Reporting Board (XRB)

1.  The communiqué from the 2 November 2011 New Zealand Accounting Standards Board (NZASB) Meeting is now available.

 
 
   
8. Japan
   

Accounting Standards Board of Japan (ASBJ)

1.  A brief summary from the 26 October 2011 joint meeting held by the accounting standards setters from China, Japan and the Republic of Korea in Xiamen, China is now available.

 
 
   
9. Others
   

The Group of Twenty (G20)

1.  The G20 has released the communiqué from the 3-4 November 2011 G20 Leaders Summit with reference made to global accounting standards, convergence and the governance of the IASB.

 
 
   
Contact AASB

The AASB International Update is provided as a courtesy to subscribers. Links to websites are correct at the time of publication. Subscribers should not rely on the service as a definitive publication of updates. The Australian Accounting Standards Board does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, timeliness or completeness of the notification service. Invalid email addresses and those with a full mailbox will be removed from the list. Access to the AASB website is subject to the terms and conditions outlined at http://www.aasb.gov.au/Copyright.aspx.