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Friday 25 April 2014

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Frequently Asked Questions


 

What is the best way to keep up-to-date with the activities of the IASB?

How does the IASB set standards?

How is the IASB structured?

Who are the main stakeholders of financial reporting?

Are IASB meetings open to the public?

How do I request that a topic be added to the IASB's agenda?

How do I request that a topic be added to the IFRIC agenda?

How do I submit a Comment Letter to the IASB?

How do I submit a Comment Letter to the IFRIC?

Where do I find Comment Letters that have already been submitted?

Does the IASB provide a technical enquiry service?

I am a student with an enquiry. Can I contact the IASB?

Where can I buy the IASC Foundation's products?

Why are there charges for shipping products?

Why does the IASB sell its content?

What is eIFRS?

Are IFRSs available in languages other than English?

Does the IASC Foundation run accounting certification courses?

What is XBRL?

Where can I find a list of the main terms and acronyms used on the IASB website?

Where can I find media contacts?

How do I download and/or install my CD-ROM ?




What is the best way to keep up-to-date with the activities of the IASB?

  • For general information about the work of the IASB as it happens, check the  News page.
  • The IASB Projects  Work Plan is a record of all projects currently being undertaken and their current progress.
  • For dates of upcoming meetings, please see the Meetings calendar.
  • The  Comprehensive Subscription Service is a combined online ( eIFRS) and printed copy service, meaning you automatically receive all IASB and IASC Foundation publications as they are issued, in either printed or Web-based electronic format.
  • To keep completely up-to-date with International Financial Reporting Standards (IFRSs), including International Accounting Standards, Interpretations (IFRICs/SICs) and any revisions just as soon as they are available, subscribe to  eIFRS. This gives you immediate online access to HTML versions of all the most up-to-date material issued by the IASB.


How does the IASB set standards?

Details are on our How we develop standards pages.



How is the IASB structured?

The IASB is an independent standard-setting board, appointed and overseen by a geographically and professionally diverse group of Trustees (IASC Foundation) who are accountable to the public interest It is supported by an external advisory council (SAC) and an interpretations committee (IFRIC) to offer guidance where divergence in practice occurs.

For further details, download our PDF document  IASB and the IASC Foundation, Who we are and what we do [1.3 MB].



Who are the main stakeholders of financial reporting?

The IASC Foundation is a not-for-profit, private sector body that raises funds to support the operations of the IASB as an independent accounting standard-setter. It is funded by a wide range of market participants from across the world’s capital markets.

For more information on the principle and practice of IASB funding, download our PDF document  IASB and the IASC Foundation, Who we are and what we do[1.3 MB]. 



Are IASB meetings open to the public?

Meetings of the IASB, round-table meetings, and meetings of other IASB groups and committees are normally open to public observation. However observers do not participate in the discussion.

To register as an observer, please click on the meeting you would like to attend in the  Meetings section of the Website and follow the instructions given.

Some meetings are broadcast online.  Details of how to register to view a meeting are provided with the meeting information on the  Meetings page.

 



How do I submit a Comment Letter to the IASB?

  1. Visit the  Open to Comment page , select the project and click on Comment Letters.
  2. Click Submit Comment Letter button.
  3. Log on using your subscription to eIFRS. If you do not have a subscription, and have not previously registered, you will be required to register. Registration is free and only takes 5 minutes.
  4. Click Continue button.
  5. Locate your Comment Letter using the Browse button and click Upload button when done.
  6. Click Continue button.


How do I submit a Comment Letter to the IFRIC?

Respondents are asked to submit their Comment Letters by email to ifric@iasb.orgPlease note that the maximum file size for emailing is 4 MB.

If you would like to use the Comment Letters page, then please follow these steps:

  1. Go to the  Open to Comment page.
  2. Click Submit Comment Letter button.
  3. Log on using your subscription to eIFRS. If you do not have a subscription, and have not previously registered, you will be required to register. Registration is free and only takes 5 minutes.
  4. Click Continue button.
  5. Locate your Comment Letter using the Browse button and click Upload button when done.
  6. Click Continue button.
  7. Finally, please also send your Comment Letter by email to ifric@iasb.org.


Where do I find Comment Letters that have already been submitted?

These are located on the relevant project Web pages.



Does the IASB provide a technical enquiry service?

We want to hear about the problems encountered in using IFRSs. However, we do not have the resources to provide a technical enquiry service and we may therefore decline to answer an enquiry.

If you are thinking of sending us an enquiry please read the Technical Enquiries page first and send your enquiry in writing to iasb@iasb.org.



I am a student with an enquiry. Can I contact the IASB?

We regret that we are unable to answer enquiries from students. Our Website contains a large amount of information about us and our work and we encourage students to use it for reference.

For more information on our enquiries policy, please see the Technical Enquiries page.



How do I request that a topic be added to the IASB’s agenda?

The IASB receives requests from constituents to interpret, review or amend existing publications. The staff consider such requests, summarise major or common issues raised, and present them to the IASB from time to time as candidates for when the IASB is next considering its Agenda.

To submit a request, please email it to  iasb@iasb.org or send it by post to:

The Chairman
International Accounting Standards Board
First Floor, 30 Cannon Street
London EC4M 6XH
United Kingdom

For more information about the IASB’s consultative arrangements, visit the  How we develop standards pages. 



How do I request that a topic be added to the IFRIC agenda?

To propose an agenda item for the IFRIC, visit the  Propose an agenda item page.



Where can I buy the IASC Foundation's products?

Products including bound volumes of Standards, explanatory guides, books, CD-ROMs, discussion papers and exposure drafts are all available.  For product information and to buy products, visit our Shop.



Why are there charges for shipping products?

Customers will be charged for shipping as per standard industry practice. As part of the shipping service customers will have shipping choices, paying less for a standard service or more for a courier service with tracking.

The IASC Foundation is a not-for-profit organisation. Asking our customers to pay for shipping is part of our strategy to devote more of our limited budget toward the standard-setting process.



Why does the IASB sell its content?

The IASC Foundation is a not-for-profit organisation. We sell the standards and other IFRS products to offset the costs of the standard-setting activities.

Sales of the IASC Foundation’s official documents provide a limited portion, 20%, of the total cost of standard-setting. The remaining 80% of our funding comes from contributions from public and private sources.



What is eIFRS?

electronic International Financial Reporting Standards(eIFRS) is a subscription service to keep you completely up-to-date with International Financial Reporting Standards (IFRSs), Interpretations (IFRICs/SICs) and any revisions just as soon as they are available.

An  annual subscription to the eIFRS service from the IASC Foundation gives you immediate online access to HTML versions of all the most up-to-date material issued by the IASB.

Further information about subscriptions to eIFRS, including details of discounts, is available on the Subscription Services pages.



Are IFRSs available in languages other than English?

The  eIFRS Online Subscription Service gives you access to translated versions of IFRSs and IASs, currently available in Dutch, French, German, Greek, Italian and Spanish, with other languages to follow.

The English versions are in PDF and HTML formats and new PDF files are added as soon as new IFRSs are issued. All non-English versions are available currently in PDF format (HTML versions will be added soon). The non-English versions are updated regularly as new IFRSs are translated.

Further information about subscriptions to eIFRS, including details of discounts, is available on the Subscription Servicespages. Information about the  translation process is available on the  Translations pages.



Does the IASC Foundation run accounting certification courses?

No. Neither the IASB nor the IASC Foundation is responsible for the certification of accountants.

Many International Federation of Accountants (IFAC) member bodies run certification programmes that include IFRS courses. For IFAC member body contact information, visit www.ifac.org/About/MemberBodies.tmpl.



What is XBRL?

XBRL  stands for e Xtensible Business Reporting Language and is a language for the electronic communication of business and financial data which is set to revolutionise business reporting around the world.

It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data.

The IASC Foundation has developed a high quality XBRL ‘taxonomy’ for IFRSs (in effect, a dictionary of data tags that explains what each tagged element is and how it should be treated under IFRSs) that will be maintained in line with the annual Bound Volume of IFRSs.



Where can I find a list of the main terms and acronyms used on the IASB website?

A list is available on the  Glossary page.



Where can I find a media contact for the IASB?

Media contact details can be found on the Contact Us page.



How do I download and/or install my CD-ROM?

Download our instructions [PDF] for guidance.