IASB - Meeting of World Standard Setters

The International Accounting Standards Board (IASB) has scheduled a meeting of the World Standard Setters on September 10-11, 2009 in London UK. The meeting agenda and information on the projects to be discussed in plenary sessions are available on the IASB website.

US - Momentum fading for move to IFRS

Last year, Christopher Cox, then chairman of the Securities and Exchange Commission (SEC), unveiled a roadmap for the conversion to International Financial Reporting Standards (IFRS) in the United States. Since then, regulators and standard setters have considered recommendations from the SEC's Committee on Improvements to Financial Reporting, but the SEC has delayed addressing the more controversial ideas. (Read the article "Simplified Reporting: Forgotten in the Crisis?" at CFO.com.)

UK - Accounting Standards Board moves to end UK GAAP

The Accounting Standards Board (ASB) is an operating body of the Financial Reporting Council, an independent regulator in the United Kingdom (UK). The ASB has released the draft version of a policy that would lead to a future where UK GAAP will cease to exist. "The recent publication by the IASB of its IFRS for SMEs provides the board with the opportunity to consult on what we see as the future framework for financial reporting by UK and Irish entities," said Ian Mackintosh, chairman of the ASB. (Read more in the Accountancy Age (London) online article "ASB sounds death knell for UK GAAP.")

Canada - Financial Reporting & Accounting Conference

The Chartered Accountants of Canada are offering an intensive multi-tracked financial reporting and accounting conference in Toronto on September 16-18, 2009. The conference will include a wide selection of optional post-conference workshops. Expert speakers will deliver interpretations and insight on current technical issues, laced with practical, real-life examples to help deal with the critical issues that are relevant to an organization. Questions posed on-line prior to the conference or in person at the conference will receive informative and timely answers during the presentations. Public sector participants will examine the latest developments and strategic direction of public sector financial reporting. (For more information and to register, visit the conference website.)

Canada - AcSB Decision Summary

Canada's Accounting Standards Board (AcSB) has issued a Decision Summary for August 25, 2009. It contains an executive summary of discussions and decisions with respect to the topics addressed at this meeting: International Activities; Private Enterprise Strategy; and IFRS Discussion Group. (Read the AcSB Decision Summary.)