The IFRS Foundation has published IFRS Taxonomy 2011 interim release: common-practice concepts.
Several meetings of groups of standard setters in the field of accounting and
financial reporting who support the IASB in the development of a single set of high
quality international accounting standards are coming up in autumn.
The Financial Services Authority of Japan (FSA) has announced the finalisation of the removal of time limit for the use of United States Generally Accepted Accounting Principles (US GAAP) by certain Japanese entities.
The Financial Accounting Standards Board (FASB) and European Financial Reporting Advisory Group (EFRAG) have formally agreed to work together on their respective projects to develop a disclosure framework, with a view to creating a consistent framework…
The UK Department for Business, Innovation and Skills (BIS) and the
Financial Reporting Council (FRC) have published a discussion paper with proposals to
simplify the financial and corporate reporting requirements for the smallest businesses.