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It is also important to note that the International Accounting Standards Board ("IASB") is currently undertaking an extractive industries project, to develop accounting standards specifically for businesses like that of the Fund ... Management is currently evaluating the effects of all current and pending pronouncements of the International Accounting Standards Board on the financial statements of the Fund, and has developed a plan for implementation. (PR Newswire)
Rambler Metals & Mining 2nd Quarter Results 2009 and Operations Update Mar 18, 2009
The accounting policies and methods of computation used in the preparation of the unaudited consolidated financial information are the same as those described in the Company's audited consolidated financial statements and notes thereto for the year ended 31 July 2008 and are consistent with the principles of International Financial Reporting Standards ("IFRS") and its interpretations adopted by the International Accounting Standards Board ("IASB"), as those adopted by the European Union and with... (CCNMatthews Press Releases)
BRIC countries demand more say in financial system reform Mar 15, 2009
The BRIC nations also welcomed the expansion of the Basle Committee on Banking Supervision and said the International Accounting Standards Board and other standard setting bodies also need to become more representative. The BRIC ministers agreed that stabilization of the international financial system through recapitalization, liquidity support and cleaning of bank balance sheets is a priority. (Xinhuanet, China)
WHAT FREDDIE SAYS: Read the announcement Mar 12, 2009
He also is a director of Moody's Corporation; a trustee of the International Accounting Standards Committee Foundation; and lead director of XL Capital Ltd. Glauber has been a senior advisor at Peter J. Solomon Co., an investment bank, since November 2006. Freddie Mac's board of directors is working with the company's conservator, the Federal Housing Finance Agency, to appoint a permanent chief executive officer. (USA Today -- Money)
AEGON Maintains Strong Capital Position Despite Fourth Quarter 2008 Loss Mar 12, 2009
For AEGON this is equal to IFRS as published by the International Accounting Standards Board. The published figures in these interim financial statements are unaudited. (PR Newswire)
Letting a good crisis go to waste? Mar 6, 2009
An Institute that really did the right thing, that stood up for the profession in general and was not afraid about the clout of the Big Four, overly precious of the ear of government, or too cosy with the Financial Reporting Council and the International Accounting Standards Board. Nevertheless, it is trying to make a difference. (Accounting Web, UK)
Daylight Resources Trust Reports Year End 2008 Financials and Delivers Record Results- Increased Production and 175% Reserve Replacement Highlight Record Year Mar 5, 2009
The International Accounting Standards Board ("IASB") has also issued an exposure draft relating to certain amendments and exemptions to IFRS 1. It is anticipated that this exposure draft will not result in an amended IFRS 1 standard until late 2009. (CCNMatthews Press Releases)
Trican- 2008 Fourth Quarter and Year End Results Mar 5, 2009
In February 2008, the Canadian Accounting Standards Board confirmed that effective January 1, 2011, all publicly accountable enterprises will be required to report under IFRS as issued by the International Accounting Standards Board (IASB). On January 1, 2011, these standards will apply to the Company. (CCNMatthews Press Releases)
Gabriel Resources Ltd: Fourth Quarter 2008 Report Mar 5, 2009
Due to anticipated changes in International Accounting Standards prior to our transition to IFRS, we are not in a position to determine the impact on our financial results. CEO/CFO Certification. (CCNMatthews Press Releases)
BMO Financial Group Reports First Quarter Net Income of $225 Million, Reflecting Difficult Conditions in the Credit and Capital Markets Environments Mar 3, 2009
Transition to International Financial Reporting Standards Canadian public companies will be required to prepare their financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board, for financial years beginning on or after January 1, 2011. Effective November 1, 2011, we expect to adopt IFRS as the basis for preparing our consolidated financial statements. (Canada Newswire)
Cellcom Israel Announces Fourth Quarter and Full Year 2008 Results Mar 2, 2009
This is the first year in which we prepare our consolidated annual financial statements in accordance with International Financial Reporting Standards ("IFRS"), as issued by the International Accounting Standards Board ("IASB"), and IFRS 1-"First Time Adoption of International Financial Reporting Standards" ... The Company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). (PR Newswire)
Banks' Books Finally Start Seeping Some Truth Feb 26, 2009
Since 2005, the FASB and its London-based counterpart, the International Accounting Standards Board, have they eventually want all financial instruments, including loans, to be measured at fair value, with gains and losses recognized on a quarterly basis. U.S. banking regulators, echoing many bankers views, expanding fair-value accounting further. (Bloomberg -- Columnists)
Enerplus announces 2008 year end results and reserves information Feb 26, 2009
CALGARY, Feb. 26 /CNW/ - Enerplus Resources Fund ('Enerplus') is pleased to announce our financial and operating results for the year ended December 31, 2008. All amounts are stated in Canadian dollars unless otherwise specified. (Canada Newswire)
Sharpening a watchdog's teeth Feb 24, 2009
Niemeier was an outspoken critic of Cox's effort to allow American companies to adopt international accounting standards, a change that he and other experts said would lead to the watering down of many of the current rules in use in the United States. Schapiro's other top aides include Stephen Cohen, a former enforcement official who has been involved in significant fraud cases. (International Herald Tribune -- Business)
U.S. regulator pursues reversal of years of lax enforcement Feb 23, 2009
Niemeier was an outspoken critic of Cox's effort to allow American companies to adopt international accounting standards, a change that he and other experts say would lead to watering down many of the current rules in use in the United States. 1. (International Herald Tribune -- Business)
Canfor Pulp Income Fund Announces Fourth Quarter 2008 Results Feb 18, 2009
The Partnership will continue to review all proposed and continuing projects of the International Accounting Standards Board to determine their impact on the Fund, and will continue to invest in training and resources throughout the transition period to facilitate a timely conversion ... The Partnership will continue to review all proposed and continuing projects of the International Accounting Standards Board to determine their impact on the Partnership, and will continue to invest in training... (CCNMatthews Press Releases)
Applying IFRS to small companies - update. By Steve Collings Feb 14, 2009
The International Accounting Standards Board (IASB) has been busy developing a financial reporting framework for companies in the UK that fall under the umbrella of small and medium. This will typically affect approximately 90% of companies within the UK. The IASB published a document in February 2007 International Financial Reporting Standard for Small-Medium Entities which was commonly referred to as IFRSSME. (Accounting Web, UK)
Goldman, BofA Call Treasury on Its Capital Bluff Feb 12, 2009
That ensured the U.S. rules would be with those of the London- based International Accounting Standards Board. The timing was convenient, just weeks after the Treasury paid nine banks $125 billion for its initial round of preferred- share stakes. (Bloomberg -- Columnists)
Banco Santander Chile Announces Fourth Quarter 2008 Earnings Feb 10, 2009
(3) As of January 1, 2008, and following the guidelines of the Superintendency of Banks of Chile, SBIF, a re-categorization of certain line items in the balance sheet and income statement was introduced in line with a gradual shift towards International Accounting Standards to be fully adopted in 2009. These changes did not involve any changes in accounting principles, but do involve a change in total equity as banks must provision for mandatory dividends and include minority interest as... (PR Newswire)
Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation withBolivia Feb 9, 2009
Directors welcomed plans to fully adopt international accounting standards and the ongoing efforts to improve risk management practices in banks. They encouraged the authorities to introduce prudential regulations that mitigate market risks and credit risks from dollarization. (IMF News)
Slow response to new accounting standards Feb 8, 2009
Currently, MASB incorporates the provisions of the international standards, issued by the International Accounting Standards Board (IASB), into the local accounting standards. As such, account preparers and users in Malaysia have substantial time to digest the effect of new standards because there is effectively two periods of draft review during the development of a standard one before IASB issues the standard and the second before MASB adopts the new international standard. (The Star Online, Malaysia -- Business)
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