News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
« Professional Updates »
  Relaxations provided to the corporates by MCA and SEBI from Regulatory compliances due to outbreak of COVID-19 pandemic by CL&CGC ICAI
 Important Announcement - DMBF August 2020 Examination
 Review Engagements on Interim Financial Information in the Current Evolving Environment Due to COVID-19
  ICAI directs students to upload XIIth Mark Sheet for Confirmation of Foundation Registration
 ICAI directs students to upload XIIth Mark Sheet for Confirmation of Foundation Registration
 Application forms for IRM, ITL&WTO, INTT-AT Exams - November, 2020
 Invitation for contributing in development of Background Material for Certificate Course on SDGs, BRR and IR and Executive Development Program on BRR
 Important Announcement regarding Additional Examination Centres
 Exposure Draft of Guidance Note on Revenue from Operations in case of Contractors (Last date of comments: August 31, 2020)
 Frequently Asked Questions on the SEBI Settlement Scheme, 2020 - One Time Settlement Scheme issued by the Securities and Exchange of Board of India on 27th July,
 SEBI Settlement Scheme, 2020 - One Time Settlement Scheme

ICAI - IASB Exposure Draft on The annual improvements process
November, 19th 2010

IASB Exposure Draft on The annual improvements process: Proposals to amend the Due Process Handbook for the IASB (Comments to be received by November 26, 2010)

The International Accounting Standards Boards IFRS Interpretations Committee has issued this Exposure Draft on IFRIC interpretation The annual improvements process: Proposals to amend the Due Process Handbook for the IASB with the objective of whether the proposed criteria provide a sufficient and appropriate basis for assessing whether matters relating to the clarification or correction of IFRSs should be addressed using the annual improvements process.

The annual improvements process provides a mechanism for non-urgent but necessary amendments to International Financial Reporting Standards (IFRSs) to be grouped together and issued in one package. Such amendments may clarify guidance and wording, or make relatively minor amendments to the standards that address unintended consequences, conflicts or oversights.

The proposals, following a review by the Trustees Due Process Oversight Committee, recommend modifications to the IASBs Due Process Handbook by enhancing the criteria for determining whether a matter relating to the clarification or correction of IFRSs should be addressed using the annual improvements process.
 
Invitation to comments
 
ASB invites comments on the said Draft from the public. The downloadable version of the draft is available http://www.ifrs.org/NR/rdonlyres/2923D7D9-A1D7-4B2F-9E6A-6BBD80F7A471/0/AIDueProcessAug10.pdf. Comments would be most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording.

Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110002, so as to be received not later than November 26, 2010. Comments can also be sent by e-mail at asb@icai.org or edcommentsasb@icai.org.

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting