| 
No two meetings of the IASB are exactly the same, but you can see whether IStaR might meet your needs by looking at an example. This issue coves the three day meeting that the IASB held in London on 23-26 July 2008 .
Highlights
The principal items discussed at the July 2008 meeting were:
- a staff draft of an exposure draft of a standard on consolidations that is aimed at replacing IAS 27 and SIC 12;
- a decision to put liabilities and equity and de-recognition on its current agenda;
- more time spent re-deliberating the IFRS for private entities;
- revenue recognition and an acknowledgement that as the current draft is now restricted to a customer consideration approach it is not substantially different from IAS 18 and IAS 11. It recognised that it would now be necessary to consider scope exclusions;
- fair value measurement and tentative agreement to retain the term fair value even though several members thought it did not help clarity;
- initial papers on an exposure draft of a management commentary document;
- a presentation by representatives of EFRAG of their liabilities and equity project
|
