IFRS Strategic choices

International Financial Reporting Standards provides many strategic choices to the first time adopters under IFRS 1, First-time Adoption. Read more....

IFRS vs U.S.GAAP

IFRS Vs U.S. GAAP provides a good starting point to obtain a better understanding of the new global accounting standards. Read more....

Disclosure checklists

IFRS disclosure checklists are also an invaluable tool to get a better understanding of the new accounting standards. Read more....

Enter the “Brave new world” of the financial reporting - the International Financial Reporting Standards. Welcome to the BETA version of the theIFRS.com, which is an invaluable resource for keeping track of all the latest IFRS news, links, etc. In the next few days, I will be adding a lot more content on this resource. Enjoy surfing as this resource has been made for you.

IASB.com news

Trustees appoint two leading financial executives to the IASB
IASB issues limited exemption amendment to IFRS 1
IASC Foundation publishes free training material for IFRS for SMEs
IASB re-exposes proposals on measuring liabilities for asset decommissioning, legal disputes and similar items
IASB welcomes decision by Japanese FSA to permit domestic use of IFRSs for current financial year
IASC Foundation announces two successors for retiring Trustees
Trustees seek nominations for Chairman of the IASB from 2011

SEC news

SEC Charges State Street for Misleading Investors About Subprime Mortgage Investments
William P. Hicks Named Associate Regional Director for Enforcement in SEC Atlanta Regional Office
Rhea Kemble Dignam Named Director of SEC Atlanta Regional Office
Statement From Chairman Schapiro on Proposed Budget for SEC
SEC and UK FSA Hold Fifth Meeting of the SEC-FSA Strategic Dialogue
Reserve Primary Fund Distributes Assets to Investors
SEC Issues Interpretive Guidance on Disclosure Related to Business or Legal Developments Regarding Climate Change

FASB news

Financial Accounting Foundation to Maintain XBRL Taxonomy for U.S. GAAP
FASB Update—Financial Statement User Edition—February 2010
FASB Issues Accounting Standards Update 2010-08—Technical Corrections to Various Topics
FASB Issues Accounting Standards Update 2010-07—Not-for-Profit Entities (Topic 958): Not-for-Profit Entities: Mergers and Acquisitions
FASB Issues Accounting Standards Update 2010-06—Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements
Rick Anderson Appointed Chairman of AICPA/FAF/NASBA “Blue-Ribbon Panel” to Address Standards for Private Companies
FASB Now Accepting Nominations for Initial Membership of the Not-for-Profit Advisory Committee

more IASB news

4 February 2010 - Two new IASB Board Members announced
3 February 2010 - Notes for Special 2 Feb 2010 IASB meeting
3 February 2010 - Newsletter on IFRS 7 disclosure exemption
28 January 2010 - IASB exempts first-time adopters from IFRS 7 disclosures
23 January 2010 - Newsletter on revised amendments IAS 37
23 January 2010 - Model IFRS financial statements illustrating IFRS 9
22 January 2010 - Notes for January 2010 IASB meeting

CFO.com

Spreadsheets and Banking Fee Deductions
Knowing Failure When You See It
CFOs on the Move: Week Ending February 5
CFOs Head to the IASB
BofA Execs Hit with Civil Charges
Tech CFOs See Times of Plenty
Is the IPO Drought Over?