KPMG IFRS Institute

Defining Issues: Constituents Respond to the Revised Revenue Recognition Exposure Draft Financial Reporting Network | May 17, 2012 | Accounting & Financial Reporting The FASB and IASB (the Boards) received over 350 comment letters on their November 2011 revised joint exposure draft on revenue recognition. The letters came from preparers, financial statement users, auditors, regulators and industry groups. The boards expect to begin joint redeliberations in June, with a goal of issuing a final standard in early 2013.

IFRS for Investment Funds Financial Reporting Network | May 07, 2012 | Accounting & Financial Reporting KPMGÂ’s International Standards Group (ISG) recently published the May 2012, Issue 4 of IFRS for Investment Funds. The issue addresses the classification of financial assets and liabilities under IFRS 9, Financial Instruments, which supersedes IAS 39, Financial Instruments: Recognition and Measurement.

IFRS - Financial Instruments Newsletter: The Future of IFRS Financial Instruments Accounting Financial Reporting Network | April 30, 2012 | Accounting & Financial Reporting The April 2012, Issue 1 of KPMG's International Standards Group (ISG) IFRS – Financial Instruments Newsletter: The Future of IFRS Financial Instruments Accounting, highlights the discussions and tentative decisions of the IASB in April 2012 in its project about financial instruments (IAS 39 replacement).

IFRS - Insurance Newsletter: Moving Towards Global Insurance Accounting Financial Reporting Network | April 30, 2012 | Accounting & Financial Reporting The April 2012, Issue 25 of KPMG's International Standards Group (ISG) IFRS - Insurance Newsletter: Moving Towards Global Insurance Accounting, highlights the results of IASB and FASB discussions in April related to the joint insurance contracts project.

FASB and IASB Issue Convergence Report as G-20 Reiterates Importance of Global Standards Financial Reporting Network | April 30, 2012 | Accounting & Financial Reporting The FASB and IASB recently issued a report, IASB-FASB Update Report to the FSB Plenary on Accounting Convergence, that describes their progress on joint convergence projects. The report also describes steps and timelines for completing the remaining major projects from the 2008 updated Memorandum of Understanding (MoU).

Q1 2012 Issue of The Bank Statement Financial Reporting Network | April 24, 2012 | Accounting & Financial Reporting KPMG's International Standards Group (ISG) recently published the Q1 2012 issue of The Bank Statement, to update readers about IFRS developments and accounting issues that affect the banking sector, and to discuss the potential implications of regulatory developments.

Joint FASB/IASB Meeting: April 17-19, 2012 Financial Reporting Network | April 23, 2012 | Accounting & Financial Reporting The FASB and the IASB met on April 17-19 to discuss Investment Companies, Accounting for Financial Instruments: Classification and Measurement and Impairment, and Insurance Contracts.

KPMG IFRS Institute Accounting Change Curriculum Webcast - IFRS Requirements for Assets Held for Sale & Discontinued Operations Financial Reporting Network | April 16, 2012 | Accounting & Financial Reporting KPMG LLP will host a Webcast, IFRS Requirements for Assets Held for Sale & Discontinued Operations, on Wednesday, April 18 from noon - 1 p.m. ET.

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