Archive for July 20th, 2011

20 July 2011: German Institute of Auditors expresses view on impairment of Greek sovereign debt

Posted by on 20 July, 2011
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The German Institute of Auditors (IDW) has published a press release regarding the treatment of Greek sovereign debt in interim financial statements at 30 June 2011 in light of current developments, concluding ‘a need for recognition of impairments’.

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20 July 2011: ESMA expresses revised view on IFRS Interpretations Committee agenda rejection statements

Posted by on 20 July, 2011
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The European Securities and Markets Authority (ESMA) has published a public statement on retrospective adjustments to financial statements following rejection notes published by the IFRS Interpretations Committee (Committee).

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