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Australian Accounting Standards Boards
Issue 22-11
8 June 2011
Website Update Alert
Subject: International Update
1. International
   

International Accounting Standards Board (IASB

1.  The IFRS Foundation has published exposure draft IFRS Taxonomy 2011 interim release: common-practice concepts with comments requested until 2 August 2011.

2.  A new investor perspective titled Gross or net? That is the question, by Patricia McConnell, has been published.

3.  The IASB calendar has been updated.


International Ethics Standards Board for Accountants (IESBA)

1.  The agenda, background papers, and registration for the 15-17 June 2011 IESBA meeting in Poland are now available.


Organisation for Economic Co-operation and Development
(OECD)

1.  The OECD has published non-binding guidance on Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.


International Valuation Standards Council
(IVSC)

2.  The IVSC has published the second exposure draft on Proposed Code of Ethical Principles for Professional Valuers, with comments requested by 30 September 2011. 

 
 
   
2. United States of America
   

Financial Accounting Standards Board (FASB)

1.  The FASB has announced the launch of IN FOCUS: WEBCAST, an educational webcast series that focuses on financial accounting and recent developments of importance (Press Release).

2.  Registration is now available for the first IN FOCUS educational webcast FASB Update for Nonpublic Entities.

3.  The Action Alert and video for the 31 May 2011 - 1 June 2011 FASB/IASB joint meeting are now available. 

4.  The minutes from the following meetings are now available:

5. The FASB calendar has been updated.

6. The Current Technical Plan and Project Updates page has been updated.

Governmental Accounting Standards Board (GASB)

1.  The Chairman of the GASB, Robert H. Attmore, has written an article titled The Importance of Timely Government Financial Reporting.

2.  The GASB has released a podcast on pension accounting and financial reporting - attribution method.

3.  The GASB calendar has been updated.

 
 
   
3. Asia & Oceania
   

Asian-Oceanian Standard-Setters Group (AOSSG)

1.  A tentative agenda and conference information paper are now available for The Third Annual Asian-Oceanian Standard-Setters Group Meeting, 23-24 November 2011.

 
 
   
4. Europe
   

European Financial Reporting Advisory Group (EFRAG)

1.  The EFRAG has issued its draft comment letter on the IFRS Foundation report of the Trustees’ Strategy Review for public consultation (Press Release).

2.  The EFRAG has announced that it will hold the next Consultative Forum of Standard Setters and Technical Experts' Group meetings on 8, 9 and 10 June 2011 (Press Release).

3.  The EFRAG has issued a feedback statement reflecting on input received in the 10 May 2011 European outreach event in Amsterdam on the Revenue Recognition and Leases projects (Press Release).

4.  The EFRAG has issued a feedback statement reflecting on input received in the 25 May 2011 European outreach event in Amsterdam on the Revenue Recognition and Leases projects (Press Release).

5.  The EFRAG calendar has been updated.

 
 
   
5. Germany
   

Accounting Standards Committee of Germany (ASCG

1.  The ASCG have announced changes to its structure and membership basis (Press Release).

 
 
   
Contact AASB

The AASB International Update is provided as a courtesy to subscribers. Subscribers should not rely on the service as a definitive publication of updates. The Australian Accounting Standards Board does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, timeliness or completeness of the notification service. Invalid email addresses and those with a full mailbox will be removed from the list. Access to the AASB website is subject to the terms and conditions outlined at http://www.aasb.gov.au/Copyright.aspx. Please note that in most cases documents are available at a later date from relevant sections.