IASB provides update on response to credit crisis

16 September 2008

The IASB has today released an update on a range of projects that collectively address issues highlighted by the current dislocation in credit markets, commonly referred to as the credit crisis.

Fair value of financial instruments in markets that are no longer active

16 September 2008

A draft document summarising the discussions of the expert advisory panel about the measurement and disclosure of financial instruments in markets that are no longer active is available here.

IASB and FASB publish update to 2006 Memorandum of Understanding

11 September 2008

The IASB and FASB are issuing an MoU update to report the progress they have made since 2006 and to set the goal of completing their major joint projects by 2011.

ASBJ and IASB meet to review progress in achieving convergence in accounting standards

11 September 2008

The Accounting Standards Board of Japan (ASBJ) and the IASB held their eighth meeting in London on 8 and 9 September.

Round table meetings on consolidation

03 September 2008

The IASB plans to hold a series of round-table meetings with interested parties on consolidation. The first meeting will take place on 17 September 2008 in London.

IASB Board Member receives American Accounting Association Award

12 August 2008

Professor Mary E Barth, IASB Board Member, has been awarded the 2008 Outstanding International Accounting Educator Award from the International Section of the American Accounting Association.

IASB proposes amendments to simplify and achieve convergence in the calculation of EPS

07 August 2008

The International Accounting Standards Board (IASB) today published for public comment proposals to simplify the calculation of earnings per share (EPS) and to eliminate differences in the methods required by International Financial Reporting Standards (IFRSs) and US Generally Accepted Accounting Principles (GAAP) to calculate EPS.

IASB publishes proposals for amendments under its annual improvements project

07 August 2008

The International Accounting Standards Board (IASB) today published for public comment an exposure draft of proposed amendments to eight International Financial Reporting Standards (IFRSs) under its annual improvements project.

IASB amends standard to give additional guidance on the designation of a hedged item

31 July 2008

The IASB issued today Eligible Hedged Items (an amendment to IAS 39 Financial Instruments: Recognition and Measurement). The amendment clarifies how the existing principles underlying hedge accounting should be applied in two particular situations.

New vacancies

22 July 2008

The Trustees of the IASC Foundation are seeking candidates as Trustees, and as chairman of the Standards Advisory Council (SAC). They are also inviting applications for membership of the SAC.