IASB January 2008

At their joint meeting in April 2006, the IASB and the FASB agreed on a goal of publishing a due process document (a discussion paper) on financial instruments (as envisaged in their Memorandum of Understanding).

In January 2008 the Financial Instruments Working Group (FIWG) reviewed extracts of the draft discussion paper Reducing Complexity in Reporting Financial Instruments for clarity and completeness.

At this meeting, the staff reported the main points raised by the FIWG on the draft discussion paper. The Board also discussed questions to be included in the discussion paper.

No decisions were made at this meeting