The IFRS Foundation has announced the publication of an Arabic translation of IFRS for SMEs training Module 7 Statement of Cash Flows.

The Trustees of the IFRS Foundation have announced the appointment of David Loweth as Director for Trustee Activities. Mr Loweth currently serves as Technical Director of the United Kingdom (UK) Accounting Standards Board (ASB).

The International Accounting Standards Board (IASB) has announced that the 2012 edition of the 'Bound Volume of International Financial Reporting Standards'(the 'Red Book') is expected to be available in March.

The Asian-Oceanian Standard-Setters Group (

The latest edition of Deloitte's iGAAP 2012 - A Guide to IFRS reporting provides guidance on a range of issues with analysis of key considerations for reporting entities coupled with clear and unambiguous explanation of IFRS requirements. The guide provides insight into how complex practical issues should be resolved and illustrative examples to demostrate how the standards work in practice.

Deloitte's IFRS Global Office has submitted a letter of comment to the SME Implementation Group regarding Draft QA Section 11, Issue 1: Fallback to IFRS 9 Financial Instruments and Draft QA Section 30, Issue 1: Recycling of cumulative exchange differences on disposal of a subsidiary.

IASB Board member Patrick Finnegan discusses the IASB's agenda consultation.

The United Kingdom Accounting Standards Board (ASB) has published three Financial Reporting Exposure Drafts (FREDs) setting out revised proposals for the future of financial reporting in the UK and Republic of Ireland.

The Trustees of the IFRS Foundation have announced the conclusions of their meeting in Singapore on 12 January 2012.

The IASB held its regular monthly meeting on 25-27 January 2012 in London, part of it a joint meeting with the FASB. We have now posted Deloitte observer notes from the remaining impairment session held on Friday.

The IASB's regular monthly meeting is being held on 25-27 January 2012 in London, part of it a joint meeting with the FASB. We have posted Deloitte observer notes from three sessions held on Friday.

At today's joint IASB meeting with the Financial Accounting Standards Board (FASB), the Boards agreed to work together to find ways to reduce differences in their respective classification and measurement models for financial instruments.

The IFRS Foundation Trustees' Due Process Oversight Committee (DPOC) has posted to their website a summary of the conclusions of their meeting on 12 January 2012 in Singapore.

The IASB's regular monthly meeting is being held on 25-27 January 2012 in London, part of it a joint meeting with the FASB. We have posted Deloitte observer notes from the sessions held on Thursday.

The European Financial Reporting Advisory Group (EFRAG) has updated its report showing the status of endorsement, under the EU Accounting Regulation, of each IFRS, including standards, interpretations, and amendments.

We have posted Deloitte observer notes from the IASB meeting held in London on 25-27 January 2012.

The EFRAG's SME Working Group met with IASB Board member Paul Pacter in Brussels to discuss various matters relating to the IFRS for SMEs.

The United States Financial Accounting Standards Board (FASB) has published a proposal in which an entity testing indefinite-lived intangible assets for impairment would have the option of performing a qualitative assessment to determine whether it is more likely than not that the asset is impaired.

The European Financial Reporting Advisory Group (EFRAG) has issued its draft comment letter on IASB Exposure Draft ED/2011/7 Transition Guidance (Proposed amendments to IFRS 10).

Deloitte observer notes are now available from the IFRS Interpretations Committee meeting held in London on 17–18 January 2012.