ASB board members met last Thursday to discuss full adoption of the rules, according to The Financial Times.
It?s expected the board will require companies to adopt in full the updated version of IAS39.
Under a ruling by the European Commission all publicly listed companies in the European Union must adopt international financial reporting standards by 2005.
But one standard in particular, IAS39 – which requires companies to account for derivatives at market value – is strongly opposed by some business leaders because of the volatility it will cause in the accounts.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements