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IFRS newsletter in English - June 2010
At the beginning of June, the IASB and FASB issued statements regarding their revised schedule for the short-term convergence project. Now, they have informed the G20 of changes to their respective work plans. While they are officially sticking to the target of June 2011, some difficult decisions have had to be made.
19/07/2010
In short, although we are expecting another IFRS “big bang” in the near future, it may be later than initially expected (i.e. 2012-2013) or it may be staggered over a period of time. The IASB is planning to gather opinions from stakeholders on the mandatory effective date of the new standards.
More information please find in our latest issue of IFRS newsletter.
IFRS ENG - 2010 June (.pdf - 721.81 kB)
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