International


The International Accounting Standards Board (IASB) published a Statement of Best Practice, Working Relationships between the IASB and Other Accounting Standard-Setters, that identifies activities in which the IASB and similar national and regional bodies believe they should engage to facilitate the adoption of or convergence with international financial reporting standards (IFRSs). They include standard-setters’ communicating among themselves and with their constituents; developing projects that help the IASB complete certain undertakings; commenting on IASB consultative documents, such as exposure drafts; and suggesting approaches to adopting or converging with, and helping develop interpretations of, IFRSs. The statement can be downloaded at www.iasb.org/uploaded_files/documents/8_1500_SOBPFebruary2006final.pdf .

The trustees of the International Accounting Standards Committee Foundation published a consultation document, Due Process of the International Financial Reporting Interpretations Committee—Draft Handbook ( www.iasb.org ). The foundation oversees the activities of the IASB and the International Financial Reporting Interpretations Committee (IFRIC). Comments are requested by September 30, 2006, on IFRIC’s current structure and procedures, including its agenda committee, criteria for selecting agenda items, consultation regarding issues not added to the agenda and relationship with national standard-setters and interpretive groups.

The International Federation of Accountants published its 2006 Handbook of International Auditing, Assurance, and Ethics Pronouncements, which includes all guidance issued by the International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants through December 31, 2005. The code of ethics, which became effective June 30, 2006, applies to all professional accountants, whether in business and industry, public practice, the public sector or education. Print, CD and free electronic versions are available at www.ifac.org/store .

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Pronoun practice to help polish your prose

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