Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 9/03/2011

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

February 2011 IASB meetings (2011/07) 

The February meetings of the IASB took place on 1, 2 and 15–18 February 2011. This summary combines the outcomes of the individual sessions.
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In a number of sessions the IASB held joint discussions with the FASB as indicated throughout. The following projects were discussed:

  • consolidation and joint arrangements
  • financial instruments
  • insurance contracts
  • leases
  • post-employment benefits
  • revenue recognition.


The IASB and the FASB (the Boards) also discussed measurement uncertainty as a cross-cutting issue arising from the insurance contracts, leases and revenue recognition projects.

IFRS Briefing Sheets - International financial reporting updates