2010-07-08 Closing the GAAP: New IFRS Pronouncements (Includes Developments to June 30, 2010)

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This Newsletter presents a summary of new IFRS pronouncements relevant to financial statements prepared in accordance with IFRS (includes developments to June 30, 2010).

The attached memorandum summarizes IFRS pronouncements that must be applied, if applicable, for the first time by an entity with a calendar year-end that is preparing financial statements in accordance with IFRS. This newsletter sets out new requirements by the calendar year in which they are first effective.

The listing includes the following pronouncements:

• International Financial Reporting Standards ("IFRS")
• International Financial Reporting Interpretations Committee ("IFRIC") Interpretations

The International Accounting Standards Board ("IASB") has a number of projects in progress. Information on these projects is available on the IASB website at http://www.iasb.org/Current+Projects/IASB+Projects/IASB+Work+Plan.htm.

This Newsletter supersedes the information in previous Newsletters:
2010-04-05 Closing the GAAP: New IFRS Pronouncements Affecting 2010 Financial Statements (updated to March 31, 2010),
2010-04-05 Closing the GAAP: New IFRS Pronouncements Affecting 2011 Financial Statements (updated to March 31, 2010) and
2010-04-05 Closing the GAAP: New IFRS Pronouncements Affecting 2013 Financial Statements (updated to March 31, 2010).
This Newsletter will be updated quarterly. Developments since the issue of the previous Newsletters, if any, are highlighted in grey.