IASB June 2008
20 June 2008
As part of its joint project with the FASB, the Board considered how to determine when statutes, laws and regulations give rise to a liability and how to deal with uncertainty when ascertaining the existence of a liability.
Joint IASB and FASB April 2008
21 April 2008
The boards continued to discuss the implications of adopting the entity perspective. This issue arose from the phases of the framework project on the objective of financial reporting (phase A) and the reporting entity (phase D).
IASB February 2008
19 February 2008
The Board discussed three issues that arose during the review of the pre-ballot draft of the forthcoming Exposure Draft on the objectives of financial reporting and qualitative characteristics of financial information.
IASB December 2007
13 December 2007
The Board resumed its consideration of the interaction between Chapters 1 and 2 of the new framework and the existing Framework until the entire new framework is completed.
IASB November 2007
13 November 2007
The Board discussed three topics relating to the measurement phase:
A review of Milestone I, in which the measurement basis candidates were selected and defined. The Board noted that a few definitions or examples need editorial improvements.
IASB and FASB October 2007
22 October 2007
Phase A: Objective and Qualitative Characteristics of Financial Reporting
The boards tentatively decided that the forthcoming exposure draft on phase A will have a comment period of 120 days.
IASB October 2007
16 October 2007
Interaction between new framework and existing Framework
The Board considered issues arising from the interaction between Chapters 1 and 2 of the new framework and the existing Framework until the entire new framework is completed. The Board tentatively decided:
IASB September 2007
19 September 2007
The Board discussed sweep issues arising from comments received on the pre-ballot draft of a discussion paper on the reporting entity phase of the project.
Most of the comments related to the first section of the discussion paper, which focuses on general issues. As a result, the staff had redrafted that section, and included a revision of the description of a reporting entity as a circumscribed area of business activity of interest to present and potential investors and creditors. The Board
IASB July 2007
17 July 2007
The Board discussed matters related to three phases of the conceptual framework project: elements and recognition, measurement and the reporting entity.
Elements and recognition
The staff presented a report of consultations on the working definition of an asset, as developed by the IASB and FASB. This included consultation with the boards’ advisory committees, as well as national standard-setters, selected academics and individuals
IASB June 2007
20 June 2007
The Board redeliberated issues related to the Discussion Paper (DP) Preliminary Views on an Improved Conceptual Framework for Financial Reporting: The Objective of Financial Reporting and Qualitative Characteristics of Decision-Useful Financial Reporting Information.