Project Update

Conceptual Framework—Reporting Entity

Latest revisions:  As of 15 March 2010 (Updated sections are indicated with an asterisk *)

This project update summarizes the project activities and decisions of the IASB and FASB (the Boards). It was prepared by the staff and is for the information and convenience of the Boards’ constituents. All decisions of the Boards are tentative, may change at future Board meetings, and do not change current accounting and reporting requirements. Decisions of the Boards become final only after extensive due process.

Project Objective
*Due Process Documents
*Summary of Decisions Reached at the Last Meeting
*Decisions Reached to Date
*Next Steps
*Board/Other Public Meetings
Contact Information

Objective of Reporting Entity Phase

The objective of the Reporting Entity phase, is to determine what constitutes a reporting entity for the purposes of financial reporting.

*Due Process Documents

The Boards issued their Exposure Draft, Conceptual Framework for Financial Reporting: The Reporting Entity, on March 11, 2010. The comment period ends on July 16, 2010.

View the comment letter analysis for the Preliminary Views

View the comment letter analysis for the general issues arising from the Preliminary Views

*Summary of Decisions Reached at the Last Meeting

September 15, 2009 IASB Board Meeting

September 2009 IASB Update.

*Decisions Reached to Date

Decisions reached to date are reflected in the Exposure Draft currently exposed for public comment.

*Next Steps

The staff will analyze the comments received on the Exposure Draft.

*Board/Other Public Meetings

View the FASB and IASB meeting handouts, minutes, and updates.

Contact Information

Nobu Kawanishi
FASB International Fellow
nkawanishi@fasb.org


 

 
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