The International Accounting Standards Board (IASB)
published an ED to amend International Financial Reporting Standard
(IFRS) 2, Share-based Payment ( www.iasb.org ) by stipulating that
the vesting conditions an individual or organization must satisfy to
receive shares concern only specified periods of service or required
performance targets. It also requires that all cancellations of
arrangements receive the same accounting treatment. If approved, the
proposed amendments would apply for annual periods beginning on or
after January 1, 2007, with earlier application encouraged. Comments
on the ED are due June 2, 2006.
The IASB also revised Guidance on Implementing IFRS 4, Insurance Contracts, in order to reflect changes in that standard’s disclosure section made by IFRS 7, Financial Instruments: Disclosures.
The International Public Sector Accounting Standards
Board of the International Federation of Accountants issued an ED,
Revenue from Non-Exchange Transactions (Including Taxes and
Transfers), that proposes establishing an international
standard for reporting taxes and other major nonexchange sources of
government revenue, including gifts, donations and transfers from
other public-sector entities and international organizations ( www.ifac.org/eds ). Comments on
the ED are due June 30, 2006.
