Archive for March, 2013

FASB comment deadline on the proposal for accounting for credit losses on financial assets extended

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The US Financial Accounting Standards Board (FASB) has extended the comment deadline for its proposal to improve financial reporting about expected credit losses on loans and other financial assets held by banks, financial institutions, and other publi…

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Deloitte comment letter on proposed limited amendments to IFRS 9

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We’ve submitted our comment letter on the IASB’s ED/2012/4 ‘Classification and Measurement: Limited Amendments to IFRS 9’. While we support the objective of the proposed amendments, we believe the guidance could be made simpler and clearer, and also c…

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EFRAG endorsement status report

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The European Financial Reporting Advisory Group (EFRAG) has updated its report showing the status of endorsement, under the EU Accounting Regulation, of each IFRS, including standards, interpretations, and amendments. The latest report reflects the end…

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Stay Tuned Online – IFRS and UK GAAP update

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The Deloitte London IFRS Centre of Excellence is running a series of hour-long Internet-based financial reporting updates, aimed at helping finance teams keep up to speed with IFRSs and other financial reporting issues. The March 2013 webcast is now av…

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Inquest blames ‘serious failures’ by council for fatal fire

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Inquest on Lakanal House tower block deaths blames safety failures by Southwark council and its contractors

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