This Update provides a roundup of news and information for the IFRS® Standards international community.
What’s new in this issue:
- Updated TAC policy
- New annotated books—now in Spanish
- 2018 World Standard-setters conference
- The IFRS Foundation’s new office
The translation, adoption and copyright team (TAC) is pleased to announce that the Translation, Adoption & Copyright Policy has been updated to reflect the latest changes to the licensing models, copyright and trade mark policy and to give an overview of ways adopters and users of IFRS Standards can participate in the activities of the IFRS Foundation.
The revised document is titled 2018 Licensing Policy for Translation and Reproduction of IFRS Standards for Adoption and is available from the IFRS Foundation website. Hard copies will be available from the TAC team during the World Standard-setters conference.
A Spanish translation of the Annotated Blue Book and the Annotated Red Book is now available. Both publications contain cross-references to related Standards, illustrative examples and bases for conclusions as well as to agenda decisions by the IFRS Interpretations Committee (Committee) (ie the reasons why certain items were not added to the Committee’s standard-setting agenda). The Blue Book will be of interest to users looking for the Standards required for accounting periods beginning on 1 January 2018, while users looking for all Standards issued by the Board as of 1 January 2018 will find the Red Book more useful. For more information on these publications, please visit the translations page on our shop.
Since 2002, the International Accounting Standards Board (Board) has hosted an annual conference for national accounting standard-setters. This year, the World Standard-setters conference will take place on Monday 1 and Tuesday 2 October 2018 in London.
This year the conference programme will focus on the revised Conceptual Framework for Financial Reporting, recently issued by the Board. In addition, the conference will provide updates on the Board’s recent activities and an opportunity for group discussions on some of the Board’s current standard-setting and research projects.
The conference also provides plenty of opportunities for attendees to network with other national standard-setters, members of the Board, technical staff and IFRS Foundation staff.
This year, the invitations have been sent to standard-setter chairs. If you are a national standard-setter and have not received your invitation, please contact us as soon as possible. If you are not a national standard-setter but would like to attend, you can register as an observer. The draft programme and observer registration form can be found on our website.
If you are planning to attend, this is a good opportunity to meet with our team to discuss adoption, translation or licensing. If you would like to have a meeting with the TAC team contact person for your jurisdiction, please let us know before the conference starts and we will arrange a convenient time. We will also be hosting an optional drop-in session on the Tuesday morning at 8am.
After 17 years at 30 Cannon Street in the City of London, the IFRS Foundation, including the International Accounting Standards Board, has relocated.
Our new address is: Columbus Building, 7 Westferry Circus, Canary Wharf, London E14 4HD, UK. All email addresses and phone numbers remain the same.
The TAC team values the opportunity to meet with national standard-setters and professional bodies so please arrange to meet with us in our new office if you are in London!