IASB Update

30 April 2005

The International Accounting Standards Board (IASB) issued its April Update summarizing the Board meeting in London and the joint meeting with the Financial Accounting Standards Board in April.

Issues discussed include among others:

IFRS 6 – proposed urgent amendment,

Fair value option, and

Insurance contracts.

The IASB also met with representatives of the liaison national standard setters. A report on this meeting will be provided in a forthcoming edition of IASB Insight.

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