Project UpdateConceptual Framework—Reporting EntityLatest 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 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 general issues arising from the Preliminary Views *Summary of Decisions Reached at the Last Meeting September 15, 2009 IASB Board Meeting *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
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