The IASB released its latest update covering the results of the meeting in London on 18 – 21 September.
The Board decided to extend the comment deadline for the February 2007 exposure draft of its proposed International Financial Reporting Standards (IFRS) for Small and Medium-Sized Entities (SMEs) to November 30, 2007.
The Board also moved the deadline for submitting results of field tests of the proposed IFRS to November 30, 2007.
Issues discussed include:
• Short-term convergence: earnings per share
• Fair value measurements
• Annual improvements process
• Update on IFRIC activities
• Financial instruments puttable at fair value and obligations arising on liquidation
• Technical plan
• Post-employment benefits
• IAS 24 Related Party Disclosures
• Accounting standards for small and medium-sized entities
• IFRS 1 amendments
Update September 2007
© Graham Bishop
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