International Finance and Accounting Handbook

(avery) #1

1985



  • John L. Kirkpatrick of the United Kingdom becomes chairman of IASC.

  • David Cairns becomes Secretary-General of IASC.

  • IASC participates in an OECD forum on global accounting harmonization.

  • IASC responds to SEC proposals for a multinational prospectus.

  • IASC holds board meetings in London, Rome, and New York.


Exposure Drafts Published


E27, Accounting and Reporting by Retirement Benefit Plans


Final Standards Published


None


1986



  • Financial analysts (International Coordinating Committee of Financial Analysts
    Associations) get a seat on the IASC board.

  • IASC co-sponsors a conference with New York Stock Exchange and Interna-
    tional Bar Association on the globalization of financial markets.

  • IASC holds board meetings in London, Dublin, and Amsterdam.


Exposure Drafts Published


E28, Accounting for Investments in Associates and Joint Ventures


Final Standards Published


IAS 25 (1986), Accounting for Investments


1987



  • Georges Barthes de Ruyter of France becomes chairman of IASC.

  • IASC begins its Comparability and Improvements Project. Objective is to re-
    duce or eliminate alternatives and make standards more detailed and prescrip-
    tive rather than flexible and descriptive of current practice.

  • International Organization of Securities Commissions (IOSCO) joins the Con-
    sultative Group and supports the Comparability Project.

  • IASC publishes its first bond volume of International Accounting Standards.

  • IASC holds meetings in Sydney and Edinburgh.


Exposure Drafts Published



  • E29, Disclosures in the Financial Statements of Banks

  • E30, Consolidated Financial Statements and Accounting for Investments in Sub-
    sidiaries

  • E31, Financial Reporting in Hyperinflationary Economies


Final Standards Published


IAS 26 (1987), Accounting and Reporting by Retirement Benefits Plans


16 • 26 INTERNATIONAL FINANCIAL REPORTING STANDARDS
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