IASB and FASB October 2007

The boards discussed the proposed content and style of the discussion paper outlining their preliminary views. Board members had questions on aspects of the draft outline, but generally agreed with the staff’s proposal. The boards also agreed with the list of remaining issues that the staff plan to discuss with the boards in the coming months. On the basis of that timetable, the discussion paper would be published in the second quarter of 2008.