TS HAS BEEN TIED up of late, locked in a cupboard, trying to avoid the IFRS debates: will the US converge or won’t they; what are the many changes; and what does it mean?
Until, that is, Leavitt Walmsley Associates’ director Steve Collings decided to throw us a lifeline in the form of IFRS for Dummies.
Once the sniggering had subsided, we at the TS desk found ourselves engrossed in the chapter The Part of Tens, which includes ten pitfalls to avoid and ten future developments of IFRS. Not to mention a chapter (only two pages) on the putting mistakes right, one clarifying an asset is an asset and looking at assets you don’t see every day.
Now, if only TS could get a book on Olympics for dummies, explaining how to avoid the top ten pitfalls and mistakes made by the security team!
IFRS Foundation says it will take steps to enhance visibility of trustee oversight of the IASB, including making meetings of the Due Process Oversight Committee public
Plans laid out for Indonesia to achieve IFRS convergence
FRC amends FRS 105 to reflect legislative change and align better with international accounting standards
Pell admits he was “a bit surprised” by the letter but believed the audit would re-start after a number of issues have been resolved