IFRS disclosure requirements - working group publishes recommendations

Last year the International Accounting Standards Board asked the Institute of Chartered Accountants of Scotland and the New Zealand Institute of Chartered Accountants to review the level of disclosure requirements in International Financial Reporting Standards. The working group formed for this purpose has recently published its report, titled Losing the excess baggage - reducing disclosures in financial statements to what’s important, which is available here (pdf).

UK: distributions under the Companies Act (2006) - determining realised profits and losses: ICAEW/ICAS guidance

The ICAEW and ICAS have published additional guidance - in the form of an exposure draft - on the determination of realised profits and losses in the context of distributions under the Companies Act (2006): see here (pdf). The guidance supplements an earlier technical release, number 01/09, available here (pdf). 

UK: ICAEW/ICAS guidance - realised profits/losses and distributions under the Companies Act 2006

The ICAEW and ICAS have published a joint technical release: 01/09 - Guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006.

UK: ICAEW technical releases - profits, losses and distributions under the Companies Act 2006

Towards the end of 2008, the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland issued a couple of technical releases: Technical release 07/08 provides draft guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006 and is an updated version of Technical Release 01/08. The differences between Technical Releases 07/08 and 01/08 are highlighted in Technical release 08/08.