2010: a critical year for IFRS, says Ernst & Young
International GAAP® 2010 is launched London, 25 January 2010 – 2010 will be a critical year for the progression of International Financial Reporting Standards (IFRS), with more countries commencing their conversion to IFRS. These include Canada, India and much of South America.
As Ernst & Young publishes its International GAAP® 2010 handbook on applying international financial reporting standards, it welcomes developments that occurred in late December: Australia, an existing IFRS adopter, announced full adoption of IFRS 9 for financial instruments; and Japan made amendments to regulations relating to voluntary IFRS filings.
Ruth Picker, Global IFRS leader at Ernst & Young, comments: “In their September 2009 Pittsburgh summit, the G20 leaders publicly supported the goal of a single set of global accounting standards. The challenges faced by the Securities and Exchange Commission, the International Accounting Standards Board and the Financial Accounting Standards Board should not overshadow the significant progress made to date across the globe. In the meantime, existing IFRS adopters and converting countries all need practical help on how to apply IFRS.”
International GAAP® 2010 launched
International GAAP® 2010, written by authors from Ernst & Young’s International Financial Reporting Group, provides insight and guidance on the interpretation and practical application of IFRS from a truly global perspective, based on the experience of the authors in dealing with recent day-to-day practical issues.
It provides leading interpretations and practical guidance, and every section contains detailed analysis of how complex financial reporting problems can be resolved appropriately and effectively, through numerous worked examples, and practical illustrations taken from the actual financial statements of companies that report under IFRS. It is a major global resource aimed at enhancing the consistent application of IFRS worldwide.
To order a copy of International GAAP® 2010, please visit: http://www.ey.com/assurance or http://www.wileyigaap.com
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Notes to Editors
About International GAAP® 2010
The book costs £135 (€155.30) and is available for purchase from John Wiley & Sons, at www.wileyigaap.com.
The online version costs £195 (€234.00) and is also available from the address above. The enhanced edition, which includes the underlying source standards, costs £395 (€474.00).
About John Wiley & Sons
Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for 200 years, helping people around the world meet their needs and fulfill their aspirations. Our core businesses include scientific, technical, medical, and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online products and services; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the US, Europe, Asia, Canada, and Australia. The company’s web site can be accessed at http://www.wiley.com. The company is listed on the New York Stock Exchange under the symbols JWa and JWb.
About Ernst & Young
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