Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 10/12/2010

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide news and factual information on developments concerning International Financial Reporting Standards (IFRS).

IFRS Briefing Sheet 224: Update on IASB's work plan 

This IFRS Briefing Sheet summarises the status of the current projects of the IASB. It reflects the progress report issued jointly by the IASB and the FASB, and the most recent work plan released by the IASB, both published on 29 November 2010.

The target completion date for the remaining projects that are priority projects remains June 2011 or earlier.

 

In order to meet the June 2011 target, the Boards have revised their strategy and timeline for a number of projects, including financial statements presentation and financial instruments with characteristics of equity.

 

The Boards also revised the timing for proposals regarding consolidation of investment entities with an exposure draft now expected in the second quarter of 2011.

IFRS Briefing Sheets - International financial reporting updates