The National Accounting Standards Board (NASB) has prepared and put for public comment draft financial reporting standard 33 “Earning per share” and draft financial reporting standard 36 “Impairment of assets”. The National Accounting Standards Board (NASB) has prepared and put for public comment draft financial reporting standard 33 “Earning per share” and draft financial reporting standard 36 “Impairment of assets”. The work on drafts FRS 33 and FRS 36 has been carried out within the framework of the project concerning the development of national accounting standards set equivalent to IFRS. According to the Concept of national accounting standards approved by the NASB, the divergence of FRS from IFRS translation or introduction into FRS of additional disclosure requirements can take place in exceptional cases when specific IFRS rule is not in line with public interests or true and fair presentation of financial information, which is necessary for users of financial statements to make economic decisions. The number of such cases should approach zero due to active NASB participation in developing and amending IFRS. Drafts FRS 33 and FRS are equivalents to IAS 33 “Earnings per share” and IAS 36 “Impairment of assets” correspondingly. The NASB invites experts and interested specialist to comment on drafts. Please send your comments before September 1, 2007 to This email address is being protected from spambots. You need JavaScript enabled to view it. or post them at the forum of the NOFA foundation website.