Archive for August 4th, 2011

4 August 2011: IASB proposes changing the effective date of IFRS 9

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Today, the International Accounting Standards Board (IASB) published an exposure draft proposing to push back the mandatory effective date of IFRS 9 Financial Instruments from 1 January 2013 to 1 January 2015.

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4 August 2011: Japan proposes to remove time limit for US accounting rules

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The Financial Services Authority of Japan (FSA) yesterday proposed a draft regulation on the use of US GAAP in Japan that would extend the current option to use US GAAP beyond 2016.

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4 August 2011: Global banks expect impairment accounting proposals to improve financial statements

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Deloitte’s Global Financial Service Industry (GFSI) group has published ‘IFRS 9 Impairment Survey 2011’, an inaugural global banking survey based on the views of 56 major banking groups on the topic of loan impairment.

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