IFRS newsletter - English - February 2011

During their redeliberations, and in the light of the comments they had received from stakeholders, the IASB and the FASB have very significantly amended some of the positions taken in the exposure drafts on these two projects. Though the new directions proposed are still to be confirmed in the definitive standards, a strong message has been sent: the IASB and the FASB are listening (at last!) to the criticisms they receive, and will take the time necessary in order to issue high-quality standards.