IFRS, IASB Staff Meet with CIS and Baltic States’ Professional Bodies, Standard-setters
On 28 and 29 November 2011, members and staff of the IFRS Foundation and the IASB met with representatives of professional accounting and auditing bodies and ministries from the Commonwealth of Independent States (CIS) and the Baltic States.
The purpose of the meeting was to update these countries on important developments and to discuss matters of particular interest regarding the use of International Financial Reporting Standards (IFRSs) within these jurisdictions.
The meetings took place as part of a two-day event on international auditing and financial reporting, hosted by the International Federation of Accountants and the IFRS Foundation with the support of the Institute of Chartered Accountants of England and Wales (ICAEW)—Members of the IASB provided an update on current projects and the direction and future agenda of the IASB Attendees discussed particular areas of interest, including the adoption of IFRSs and the IFRS for SMEs, as well as the process for translating the standards.
The event was attended by representatives from the following countries: Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyz Republic, Latvia, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan. A number of these countries have already adopted or permit the use of IFRSs and/or the IFRS for SMEs.