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Australian Accounting Standards Boards
Issue 27-11
13 July 2011
Website Update Alert
Subject: International Update
1. International
   

International Accounting Standards Board (IASB)

1.  The agenda papers and webcast registration are now available for the 20-22 July 2011 IASB/FASB joint meeting. 

2.  The IFRS Foundation has published its 2010 Annual Report, which is also available in an XBRL version.

3.  The IASB calendar has been updated.


International Accounting Education Standards Board (IAESB)

1.  The IAESB has released an Exposure Draft with proposals for revisions to IES 5 Practical Experience Requirements.  Comments are requested by 8 October 2011.

 
 
   
2. United States of America
   

Financial Accounting Standards Board (FASB)

1.  A new edition of FASB In Focus titled Private Companies: The Path to a Differential Standard-Setting Framework is now available.

2.  The minutes from the 29 June 2011 FASB meeting on Disclosures about an Employer’s Participation in a Multiemployer Plan are now available.

3.  The FASB calendar has been updated.

4.  The Current Technical Plan and Project Updates page has been updated. 


Governmental Accounting Standards Board (GASB)

1.  The GASB has issued Preliminary Views on concepts related to recognition of elements of financial statements and measurement approaches (Press Release).

2.  The GASB has issued two Exposure Drafts proposing improvements to financial reporting of pensions by state and local governments:

3.  The GASB calendar has been updated.

 
 
   
3. Europe
   

European Financial Reporting Advisory Group (EFRAG)

1.  The agenda and observer registration for the 13-15 July 2011 EFRAG Technical Experts Group meeting are now available.

 
 
   
4. New Zealand
   

External Reporting Board (XRB)

1.  The XRB, which has taken over the responsibility for developing and issuing accounting and auditing and assurance standards in New Zealand, has launched its website.

2.  The July 2011 XRB Communiqué is now available.

 
 
   
5. United Kingdom
   

Accounting Standards Board (ASB)

1.  The ASB has published Amendments to FRS 29 (IFRS 7) Financial Instruments: Disclosures, adding requirements in relation to disclosures on transfers of financial assets.

 
 
   
Contact AASB

The AASB International Update is provided as a courtesy to subscribers. 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. Please note that in most cases documents are available at a later date from relevant sections.