Welcome to the IFRS Translations, Adoption and Copyright Update


Welcome to the Translations, Adoption and Copyright Update, a roundup of news and information for the IFRS translation community.

What’s new in this issue:

• Bangladesh and Nepal sign Licence for Use
• World Standard-setters meeting
• Update to Translation and Adoption pages
• Contacts for your jurisdiction

We are pleased to announce the start of a formal collaboration with the Institute of Chartered Accountants of Bangladesh (ICAB) and the Accounting Standards Board of Nepal (ASB).

ICAB and ASB signed Licence for Use agreements with the IFRS Foundation at a signing ceremony during the World Standard-setters meeting in September 2014. This Licence allows ICAB and ASB to develop, publish and translate their local standards using International Financial Reporting Standards, as issued by the International Accounting Standards Board. In accordance with the terms of this agreement ICAB and ASB have entered into formal collaboration with the IFRS Foundation and have committed themselves to a convergence path toward the full adoption of IFRS.

ICAB was represented by President Showkat Hossain and Technical Director Mahbub Ahmed Siddique; and ASB by Chairman Narayan Bajaj and Board Member Prabin Dhoj Joshi. The IFRS Foundation was represented by the Executive Director Yael Almog and the Translation, Adoption and Copyright (TAC) Team.

World Standard-setters meeting 2014

In September the IASB and the IFRS Foundation hosted the World Standard-setters (WSS) meeting in London. The TAC team used this opportunity to meet with standard-setters from 32 jurisdictions.

On the second day of the WSS we gave a presentation on translation, adoption and copyright. The session was very well attended by delegates from 15 jurisdictions. We also distributed copies of the TAC Policy, a licensing leaflet and the Adoption Guide. If you would like to receive these documents, together with the slides from our presentation, please contact the TAC team.


Update to Translation, Adoption and Copyright pages

We have recently updated our online resource centre. The improvements include:

• A separate, more detailed section dedicated to adoption. Here you can find our Translation, Adoption and Copyright Policy published in August 2013. The document sets out the IFRS Foundation’s policies on adoption of IFRS, copyright ownership of IFRS, use of the IFRS trade mark and the translation process principles that apply to Review Committees. An updated version of our policy is expected to be published in 2015.
• More detailed information about our translation process.
• A new section on Frequently Asked Questions.
• A clearer Contact us section, accessible together with a leaflet on Frequent reasons for contacting us from each page, and a map that will let you find out quickly which project manager to contact for your jurisdiction.

Contacts for your jurisdiction

Please consult the list below for your contact in our team:

• Anna Hemmant (ahemmant@ifrs.org): Russia and CIS Countries; South Asia; Oceania; Western Europe.
• Clare McGuinness (cmcguinness@ifrs.org): Arabic, Chinese and Portuguese-speaking countries; South-East Asia.
• Lorida Tieri (Ltieri@ifrs.org): Western Balkans; French-speaking countries; English and French-speaking Africa.
• Mari-Carmen Civera (mcivera@ifrs.org): Spanish-speaking countries; Caribbean; South-East Asia.

Translations, Adoption and Copyright Update online