The International Accounting Standards Board (IASB) announced on March 22, 2007, that the International Financial Reporting Committee (IFRIC) newsletter  is now available on the IASB website.

IFRIC’s principal role is to consider, on a timely basis within the context of International Financial Reporting Standards and the International Accounting Standards Board (IASB) Framework, accounting issues that are likely to receive divergent or unacceptable treatment in the absence of authoritative guidance, with a view to reaching consensus on the appropriate accounting treatment.

For more information please visit the following website: www.iasb.org