| President Mark Fong told to
standard setters in Beijing recently that
the Institute has, in conjunction with the
mainland, lobbied the IASB to support China's
state-owned enterprises by changing the IFRS
standard about when SOEs must report related
party transactions. As a consequence of the
lobbying, the IASB aims to amend the related
party standard by the end of 2007. |
he
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standard setters from around the world, including
those from the United States, Canada, the U.K. and
other European countries, will hold a meeting in
Hong Kong on 24-25 March to discuss impairment,
equity and liabilities, and pensions. The purpose
of the meeting is to raise issues that may one day
go to the 
forum for SMPs to discuss IFAC exposure draft on auditor independence requirements is taking place on 29 March. Click 
