Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 2/05/2011

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.

IASB-FASB convergence update (2011/11) 

This issue of In the Headlines summarises the report issued by the IASB and the FASB on 21 April 2011 on their progress in achieving the milestones set out in their Memorandum of Understanding.
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Highlights include:

  • progress report issued by IASB and FASB.
  • completion target for the four remaining major convergence projects delayed beyond June 2011.
  • boards to consider re-exposure and further outreach on these projects.
  • IASB to publish final standards in May 2011.
IFRS Briefing Sheets - International financial reporting updates