Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Tuesday, January 17, 2006

The International Financial Reporting Interpretations Committee has released for comments draft interpretation D18, Interim Financial Reporting and Impairment. Comments are due by March 31.

D18 deals with reporting entities' obligations on interim reporting dates to:
1. assess goodwill;
2. mark investments to market; and
3. assess impairment losses.

D18 addesses "the interaction between the requirements of IAS 34 and the recognition of impairment losses on goodwill in IAS 36 and certain financial assets in IAS 39, and the effect of that interaction on subsequent interim and annual financial statements."


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