Deloitte - IFRS e-Learning modules

Deloitte's IFRS e-learning was launched in January 2004. As of May 31, 2009, there have been 3,164,828 Deloitte IFRS e-learning modules downloaded by visitors to IAS Plus. Organizations are permitted to install them on their own servers for the internal use of their employees or students. Thirty-seven modules are now available and regularly updated. Deloitte IFRS e-Learning is made available in the public interest without charge.

IASB progress update on IAS 39 replacement

The IASB has published an update on the progress of its comprehensive review of IAS 39, Financial Instruments. The IASB also posted an update of how it is responding to concerns previously raised by the European Commission in its letter of October 27, 2008 to the IASB. (Read the IASB Press Release.)

IASB publishes draft guidance on fair value measurement

The International Accounting Standards Board (IASB) has published for public comment an exposure draft of a proposed new standard on fair value measurement. (Read the IASB Press Release or View the Exposure Draft and submit a Comment Letter.)

KPMG IFRS Institute and the Tax Governance Institute Webcast

There are many unanswered questions as to the timing of potential adoption and the various impacts of an IFRS conversion in the United States. It is clear, however, that there can be conversion issues in the tax area, not only for deferred taxes but also for current taxes. On Thursday, June 4, 2009 (2:00 p.m. – 3:00 p.m. EDT), the first of two KPMG LLP webcasts will be held to discuss potential tax impacts. It will focus on various possible US income tax implications from an IFRS conversion. (Register online for the webcast on US Tax Implications of Adopting IFRS.)

Canada - FYI Newsletter May 2009

Canada's Accounting Standards Board has published the FYI Newsletter May 2009. It includes a message from the Accounting Standards Director and articles on GAAP for private enterprises, changeover to IFRS and information on IASB projects.