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      <title>PwC IFRS updates</title>
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      <description>We keep you up to date on the latest IFRS developments.</description>
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         <title><![CDATA[Straight away -  IASB/FASB leasing deliberations - May 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/Rt5I224YGEU/issue-84.htm</link>
         <description><![CDATA[The latest IASB/FASB discussions addressed feedback from their consultation on how a lessee should subsequently measure a right-of-use asset arising under a lease. This and their next steps are outlined in this 'Straight away'.]]></description>
         <pubDate><![CDATA[Fri, 25 May 2012 07:00:00 EDT]]></pubDate>
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      <item>
         <title><![CDATA[IFRS blog: Can we achieve consistency in IFRS application?]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/TOTkSbjklbg/can-we-achieve-consistency-in-ifrs-application.htm</link>
         <description><![CDATA[It would be great to have consistent application of a global set of accounting standards. But with a principles-based framework, we will still inevitably see some degree of diversity. PwC's global chief accountant, John Hitchins, suggests in his blog that good disclosure around significant uncertainties is the solution]]></description>
         <pubDate><![CDATA[Mon, 21 May 2012 07:00:00 EDT]]></pubDate>
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      <item>
         <title><![CDATA[Straight away - IASB publishes ‘annual improvements’ to six standards for 2013 year ends]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/hXwzoIfTmTo/issue-83.htm</link>
         <description><![CDATA[The IASB has published the 2011 annual improvements, addressing six issues in the 2009-2011 reporting cycle. The amendments in the 'Improvements project' are effective for annual periods beginning on or after 1 January 2013, subject to EU endorsement.]]></description>
         <pubDate><![CDATA[Mon, 21 May 2012 07:00:00 EDT]]></pubDate>
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      <item>
         <title><![CDATA[IFRS news catalogue January 2010 to January 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/6SaL-VnC3lo/catalogue-jan10-jan12.htm</link>
         <description><![CDATA[This catalogue lists - by subject and by standard - the articles published in IFRS news from January 2010 to January 2012.]]></description>
         <pubDate><![CDATA[Tue, 15 May 2012 12:00:00 EDT]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/ifrs-news/catalogue-jan10-jan12.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=IFRS+news+catalogue+January+2010+to+January+2012]]></guid>
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      <item>
         <title><![CDATA[IFRS news: May 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/jWCrVBY70vA/may-2012.htm</link>
         <description><![CDATA[The second exposure draft on revenue recognition; New IFRSs applicable for 2012 year-ends; IFRS quiz: test your knowledge of embedded derivatives and hedge accounting.]]></description>
         <pubDate><![CDATA[Tue, 01 May 2012 12:00:00 EDT]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/ifrs-news/may-2012.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=IFRS+news%3A+May+2012]]></guid>
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      <item>
         <title><![CDATA[IFRS blog: When will the leases project take off, and where will it land?]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/1lHebnzeRIs/When_will_the_leases_project_take_off_and_where_will_it_land.htm</link>
         <description><![CDATA[The IASB and FASB have made significant progress on several key redeliberation issues; I broadly support the boards' revised position on lease term, variable lease payments and definition of a lease.]]></description>
         <pubDate><![CDATA[Fri, 27 Apr 2012 12:00:00 EDT]]></pubDate>
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      <item>
         <title><![CDATA[Illustrative condensed interim financial statements 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/XRoTx1PFQUY/illustrative-condensed-interim-financial-statements-2012.htm</link>
         <description><![CDATA[This illustrative set of condensed interim financial statements reflects IFRSs in issue at 1 March 2012 that are required to be applied by an existing preparer of IFRS financial statements with an annual period beginning on or after 1 January 2012. It also appendices with example disclosures for first-time adopters and early adopters of IFRS 9, IFRS 11 and IFRS 13, and a disclosure checklist.]]></description>
         <pubDate><![CDATA[Thu, 19 Apr 2012 07:00:00 EDT]]></pubDate>
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      <item>
         <title><![CDATA[Income tax - webcast on PwC's view of IASB's proposals]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/Rl5ijRXCx5s/accounting-for-income-tax-webcast.htm</link>
         <description><![CDATA[This webcast presents PwC's view of the IASB's income tax proposals in this webcast, plus our suggestions for alternative approaches and next steps.]]></description>
         <pubDate><![CDATA[Wed, 11 Apr 2012 12:00:00 EDT]]></pubDate>
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      <item>
         <title><![CDATA[IFRS news: April 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/44TmihWGIs8/april-2012.htm</link>
         <description><![CDATA[Update on key projects; Cannon Street Press ; IFRS 1 amendment ; IFRS quiz:Share-based payments; Contacts]]></description>
         <pubDate><![CDATA[Tue, 10 Apr 2012 12:00:00 EDT]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/ifrs-news/april-2012.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=IFRS+news%3A+April+2012]]></guid>
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      <item>
         <title><![CDATA[Straight away - IASB publishes exposure draft on improvements project 2010-12 cycle]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/geadjnSz8x0/issue-82.htm</link>
         <description><![CDATA[The IASB has published an exposure draft for the 2010-12 cycle of the annual improvements project, with amendments that would affect 10 standards.]]></description>
         <pubDate><![CDATA[Tue, 03 Apr 2012 11:00:00 EDT]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/straight-away/issue-82.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=Straight+away+-+IASB+publishes+exposure+draft+on+improvements+project+2010-12+cycle]]></guid>
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      <item>
         <title><![CDATA[A practical guide to new IFRSs for 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/7y2MxoQkTxE/new-ifrss-for-2012.htm</link>
         <description><![CDATA[This publication is a practical guide to the new IFRS standards and interpretations that come into effect for 2012 year ends. The IASB is working on a number of significant projects that are likely to affect 2015 year ends, but there are relatively few amendments to standards for 2012 and a number of small changes coming from the annual improvements process (our guidance on the improvements project will be added to this publication once the IASB publishes the final improvements project in May). Eight new and revised standards are not yet mandatory but can be early adopted (yet to be endorsed for application in the EU).]]></description>
         <pubDate><![CDATA[Mon, 26 Mar 2012 10:00:00 EDT]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/practical-guides-to-ifrs/new-ifrss-for-2012.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=A+practical+guide+to+new+IFRSs+for+2012]]></guid>
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      <item>
         <title><![CDATA[IFRS quarterly update - March 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/z3ypEmUKA-s/march-2012.htm</link>
         <description><![CDATA[A publication that outlines the IFRS reporting requirements as at 31 March 2012. It highlights the topical issues to consider (including new issues added since previous versions); the standards that apply at this date; and the standards are published but effective at later dates and hence required to be disclosed.]]></description>
         <pubDate><![CDATA[Mon, 26 Mar 2012 12:00:00 EDT]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/ifrs-quarterly-update/march-2012.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=IFRS+quarterly+update+-+March+2012]]></guid>
      <feedburner:origLink>http://www.pwc.com/gx/en/ifrs-reporting/ifrs-quarterly-update/march-2012.htm?WT.rss_f=PwC+IFRS+updates&amp;WT.rss_ev=a&amp;WT.rss_a=IFRS+quarterly+update+-+March+2012</feedburner:origLink></item>

      <item>
         <title><![CDATA[Investor view - Improving disclosures of foreign exchange and hedging]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/c7UnyxL38bg/issue-21.htm</link>
         <description><![CDATA[Investors want to be able to forecast a business’ future cash flows. But they tell us that disclosures around foreign currency and hedging can make that task a challenge. In this ‘Investor view’, we look at what improvements to disclosure could benefit companies.]]></description>
         <pubDate><![CDATA[Mon, 26 Mar 2012 12:00:00 EDT]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/investor-view/issue-21.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=Investor+view+-+Improving+disclosures+of+foreign+exchange+and+hedging]]></guid>
      <feedburner:origLink>http://www.pwc.com/gx/en/ifrs-reporting/investor-view/issue-21.htm?WT.rss_f=PwC+IFRS+updates&amp;WT.rss_ev=a&amp;WT.rss_a=Investor+view+-+Improving+disclosures+of+foreign+exchange+and+hedging</feedburner:origLink></item>

      <item>
         <title><![CDATA[Straight away - Relief for first-time adopters with government loans]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/-KxKRx29WzY/issue-81.htm</link>
         <description><![CDATA[The IASB has amended IFRS 1, ‘First-time adoption of IFRS’, to provide relief from the retrospective application of IFRSs in relation to government loans.]]></description>
         <pubDate><![CDATA[Thu, 15 Mar 2012 12:00:00 EDT]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/straight-away/issue-81.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=Straight+away+-+Relief+for+first-time+adopters+with+government+loans]]></guid>
      <feedburner:origLink>http://www.pwc.com/gx/en/ifrs-reporting/straight-away/issue-81.htm?WT.rss_f=PwC+IFRS+updates&amp;WT.rss_ev=a&amp;WT.rss_a=Straight+away+-+Relief+for+first-time+adopters+with+government+loans</feedburner:origLink></item>

      <item>
         <title><![CDATA[IFRS news: March 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/zXSyIvQXuBw/mar-2012.htm</link>
         <description><![CDATA[Related-party disclosures; IASB agenda consultation - Call for ‘period of calm’; Viewpoint - PwC’s global chief accountant on IFRS Foundation’s governance; IFRS quiz - Contingent consideration.]]></description>
         <pubDate><![CDATA[Tue, 06 Mar 2012 12:00:00 EST]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/ifrs-news/mar-2012.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=IFRS+news%3A+March+2012]]></guid>
      <feedburner:origLink>http://www.pwc.com/gx/en/ifrs-reporting/ifrs-news/mar-2012.htm?WT.rss_f=PwC+IFRS+updates&amp;WT.rss_ev=a&amp;WT.rss_a=IFRS+news%3A+March+2012</feedburner:origLink></item>

      <item>
         <title><![CDATA[IASB/FASB leasing redeliberations - February 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/hDqTy04D9vg/issue-80.htm</link>
         <description><![CDATA[The IASB and FASB met in February to discuss Lessee accounting – subsequent measurement and Lessor accounting – proposed scope exemption for investment properties.]]></description>
         <pubDate><![CDATA[Thu, 01 Mar 2012 11:00:00 EST]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/straight-away/issue-80.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=IASB%2FFASB+leasing+redeliberations+-+February+2012]]></guid>
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      <item>
         <title><![CDATA[Practical guide to Contingent consideration]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/Q2R3k8sGwP0/contingent_consideration.htm</link>
         <description><![CDATA[This practical guide looks at some questions on how to apply the contingent consideration principles in IFRS 3, ‘Business combinations’. The examples illustrate the challenges and reflect the complexity that can arise.]]></description>
         <pubDate><![CDATA[Fri, 24 Feb 2012 11:00:00 EST]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/practical-guides-to-ifrs/contingent_consideration.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=Practical+guide+to+Contingent+consideration]]></guid>
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      <item>
         <title><![CDATA[IFRS blog: Belated, but welcome – final reports on IFRS governance]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/hAJPFL6Rqjk/belated-but-welcome-final-reports-IFRS-governance.htm</link>
         <description><![CDATA[PwC global chief accountant John Hitchins looks at the The IFRS Foundation's and the Monitoring Board’s strategy reviews of the Foundation’s governance. He welcomes the commitment to do more to promote consistency of IFRS interpretation across borders, wonders about the politics around appointing IASB members only from countries where IFRS is required for domestic use and expresses disappointment in the lack of a concrete proposal on the future funding of the IASB.]]></description>
         <pubDate><![CDATA[Thu, 16 Feb 2012 12:00:00 EST]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/ifrs-blog/belated-but-welcome-final-reports-IFRS-governance.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=IFRS+blog%3A+Belated%2C+but+welcome+%E2%80%93+final+reports+on+IFRS+governance]]></guid>
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      <item>
         <title><![CDATA[IFRS news: February 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/cKB-95Szf4M/feb-2012.htm</link>
         <description><![CDATA[Eurozone and 2011 financial reporting; Interview with IASB chairman Hans Hoogervorst; IFRS quiz - debt versus equity.]]></description>
         <pubDate><![CDATA[Wed, 01 Feb 2012 12:00:00 EST]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/ifrs-news/feb-2012.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=IFRS+news%3A+February+2012]]></guid>
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      <item>
         <title><![CDATA[Auditor view: Mergers and acquisitions]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/P-CjagWgK0Y/mergers-and-acquisitions.htm</link>
         <description><![CDATA[What are the key auditor concerns for M&A disclosures this year end? PwC's Dave Walters looks at some of the potential challenges that investors may encounter.]]></description>
         <pubDate><![CDATA[Thu, 26 Jan 2012 12:00:00 EST]]></pubDate>
         <guid isPermaLink="false"><![CDATA[http://www.pwc.com/gx/en/ifrs-reporting/auditor-view/mergers-and-acquisitions.htm?WT.rss_f=PwC+IFRS+updates&WT.rss_ev=a&WT.rss_a=Auditor+view%3A+Mergers+and+acquisitions]]></guid>
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      <item>
         <title><![CDATA[Practical guides to IFRS: Financial reporting considerations arising from current market conditions in Europe]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/dQcuALWjx5Y/financial-reporting-considerations-market-conditions-europe.htm</link>
         <description><![CDATA[This alert sets out the key accounting issues that management should consider when assessing the impact of the current European economic environment on their accounting and reporting, with respect to financial assets and derivatives, non-financial assets, revenue recognition, provisions, employee benefits and financial statement disclosures.]]></description>
         <pubDate><![CDATA[Tue, 03 Jan 2012 12:00:00 EST]]></pubDate>
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      <item>
         <title><![CDATA[IFRS news: December 2011/January 2012]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/snJhUphLfGk/dec-2011.htm</link>
         <description><![CDATA[New revenue ED; IAS 32 amendments: Asset/liability offsetting; Cannon Street Press: Leasing update; IFRS 9 new effective date; IFRS 10 transition proposals.]]></description>
         <pubDate><![CDATA[Wed, 28 Dec 2011 12:00:00 EST]]></pubDate>
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      <item>
         <title><![CDATA[IFRS blog: Delays and more delays – will 2012 be any different?]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/704dPTobb6s/delays-and-more-delays-will-2012-be-any-different.htm</link>
         <description><![CDATA[Will we remember 2011 as a year of delays? Will the theme continue into 2012? We started 2011 with high hopes that the year would see the completion of the convergence agenda and that we would end it with a...]]></description>
         <pubDate><![CDATA[Wed, 28 Dec 2011 12:00:00 EST]]></pubDate>
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      <item>
         <title><![CDATA[Illustrative financial statements: Private equity]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/O6vyzTk1bDA/private-equity-2011.htm</link>
         <description><![CDATA[This publication provides an illustrative set of financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for a fictional private equity limited partnership (‘ABC Private Equity LP’ or ‘the Partnership’).]]></description>
         <pubDate><![CDATA[Thu, 22 Dec 2011 12:00:00 EST]]></pubDate>
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      <item>
         <title><![CDATA[Illustrative financial statements: Insurance]]></title>
         <link>http://feedproxy.google.com/~r/pwc/gx/ifrs/~3/gFmArveGe0I/insurance-2011.htm</link>
         <description><![CDATA[This publication provides an illustrative set of consolidated financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for Asfalia Insurance Group, a fictional multinational insurance group that conducts business in Euravia, the US and the UK.]]></description>
         <pubDate><![CDATA[Thu, 22 Dec 2011 12:00:00 EST]]></pubDate>
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