It also details the implications of standards and interpretations in issue at 1 August 2009 but not yet effective for annual periods beginning on 1 January 2009 and highlights areas of IFRSs that may change as a result of the ongoing projects of the IASB and IFRIC.

Insights into IFRS focuses on the application of standards in practice and explains the conclusions we have reached on many interpretative issues. It is based on actual questions that have arisen in practice around the world and includes illustrative examples to elaborate or clarify the application of the standards.

Insights into IFRS summarises the requirements of IFRSs and provides extensive interpretative and application guidance based on real-life practical questions that arose while working with clients on IFRS issues around the world. It includes many illustrative examples to elaborate or clarify the application of the standards.