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Australian Accounting Standards Boards
Issue 01-12
11 January 2012
Website Update Alert
Subject: International Update
1. International
   

International Accounting Standards Board (IASB)

1.  Minutes of the October 2011 Capital Markets Advisory Committee (CMAC) meeting are now available.

2.  Agenda papers for the12 January 2012 IFRS Foundation Trustees Meeting are now available.

3.  Registration and agenda papers for  the 17-18 January 2012 IFRS Interpretations Committee meeting are now available.

4.  Registration for the 24th January 2012 IASB and the Financial Accounting Standards Board (FASB) joint working group meeting for the Leases project is now available.

5.  The December 2011 IFRS for SMEs Update has been issued.

 
 
   
2. United States of America
   

Financial Accounting Standards Board (FASB)

1.  The January 2012 FASB Update Financial Statement User Edition is now available

2.  FASB has issued a proposed accounting standards update Revenue Recognition (Topic 605): Revenue from Contracts with Customers for comment by 13 March 2012.

3.  FASB has issued an accounting standards update Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05.

4.  Registration for the series of FASB and IASB public roundtable meetings to improve accounting for investment companies and investment property entities is now available.

 
 
   
3. Asia & Oceania
   

Asian-Oceanian Standard-Setters Group (AOSSG)

1.  The AOSSG has commented on the IASB ED/2011/4 Investment Entities.

2.  The AOSSG Islamic Finance Working Group has issued a publication of an AOSSG Survey – Accounting for Islamic Financial Transactions and Entities.

 
 
   
4. Canada
   

Accounting Standards Board (AcSB)

1.  The AcSB’s User Advisory Council has issued a comment letter on the IASB ED Investment Entities.

2.  Summaries of responses by the AcSB or AcSB staff to the IASB’s documents for comment are now available.

3.  Registration for the 12 January 2012 IFRS Discussion Group meeting in Toronto is now available.

4.  The AcSB has issued a special edition of For Your Information Newsletter.

 
 
   
5. Europe
   

European Financial Reporting Advisory Group (EFRAG)

1.  Registration for the 11 January 2012 EFRAG Planning & Resource Committee (EFRAG PRC) and the EFRAG Reference Group meeting is now available.

2.  The EFRAG and the UK Accounting Standards Board have issued a Discussion Paper Improving the Financial Reporting of Income Tax for comment by 29 June 2012.

 
 
   
6. Germany
   

Accounting Standards Committee of Germany (GASC)

1.  Summary for the 162nd German Accounting Standards Board (GASB) meeting is now available.

 
 
   
7. Japan
   

Accounting Standards Board of Japan (ASBJ)

1.  The ASBJ has issued a comment letter on the IASB ED Investment Entities.

2.  The ASBJ has issued an Exposure Draft Tax Expense for Quarterly Financial Reporting due to Tax Reform 2011 for comment by 11 January 2012.

 
 
   
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.