UK report on going concern considers efficacy of IFRSs
The Sharman Panel of Inquiry, established at the invitation of the United Kingdom Financial Reporting Council (UK FRC) to consider going concern and liquidity risks, has published its preliminary report and recommendations.
New Zealand to consider ways to reduce excessive disclosures under IFRSs
The New Zealand Accounting Standards Board (NZASB) is to consider a short-term action plan to encourage the reduction of excessive disclosures at its upcoming meeting on 2 November 2011. http://www.xrb.govt.nz/Site/Board_Meetings/NZASB_Board_Meetings.aspx
G20 finance ministers focus on global economic risks, reaffirm commitment to global standards
The G20 Finance Ministers and Central Bank Governors met in Paris, France on 14-15 October 2011. The meeting was focused on "heightened tensions and significant downside risks for the global economy that need to be addressed decisively to restore confidence, financial stability and growth". http://www.g20.org/Documents2011/10/G20%20communiqu%C3%A9%2014-15%20October%202011-EN.pdf
28th session of UNCTAD's Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting
The twenty-eighth session of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) is currently being held in Geneva. ISAR assists developing countries and economies in transition to implement best practices in corporate transparency and accounting in order to facilitate investment flows and economic development. ISAR's annual sessions regularly involve over 200 government authorities, regulators, standard-setters and academic representatives.