In the July 2003 issue 2 Changes in prospect on business combination purchase accounting 4 The IASB’s new proposals on the derecognition of financial assets 8 Three draft Abstracts from the UITF Page 1 A Question of Timing… Page 2 Business Combinations Phase II Page 3 First-time adoption of IFRS Page 4 Derecognition and Financial Assets Page 5 Insurance Accounting Page 6 SORPs Update Page 7 Updates on current projects Page 8 Urgent Issues Task Force Page 9 Appointments   FURTHER INFORMATION For further information on any of these topics please contact Charles Bridge at Holborn Hall. Email  c.bridge@asb.org.uk at Holborn Hall. The Board’s Publications Copies of the Board’s publications described within may, except where otherwise stated, be obtained from ASB Publications 145 London Road Kingston upon Thames KT2 6BR Tel: +44(0) 20 8247 1264 Fax: +44(0) 20 8247 1124 Accounting Standards Board Holborn Hall 100 Gray's Inn Road London WC1X 8AL Telephone +44(0) 20 7611 9700 Fax +44 (0) 20 7404 4497