Disclosing the impact of an accounting standard that you have not yet adopted - an oxymoron?
Our private lives require each of us to continually make choices. Having chosen to take a local beach holiday this year and an overseas resort holiday in two years time we typically do not concern ourselves with the overseas holiday until much closer to its occurrence.
Accounting standards are different.
Accounting standards are different.
The great Aussie dream
The AASB will consider IFRIC 15 and IFRIC 16 for adoption at its meeting on 30 & 31 July 2008. One is on hedges and the other is on real estate. Put them together, it is the great Aussie dream!
IAASB Strategy and Work Program for 2009-2011
The IAASB, which has responsibility for setting standards dealing with auditing, review, and other assurance, quality control and related services recently released its Strategy and Work Program for 2009-2011