Exposure Draft ED 9 Joint Arrangements

The comment period for the Exposure Draft ended on 11 January 2008

In September 2007 the International Accounting Standards Board (IASB) published for public comment a proposal to improve the accounting for joint arrangements. The comment period ended on 11 January 2008. In response to the proposals in the exposure draft, the Board received approximately 110 comment letters.

The proposals in ED 9 Joint Arrangements would replace IAS 31 Interests in Joint Ventures and represent the first major revision to the standard since it was first issued in 1990.

The review also forms part of the IASB’s short-term project with the US Financial Accounting Standards Board (FASB) to reduce differences between International Financial Reporting Standards (IFRSs) and US generally accepted accounting principles (US GAAP). The proposals are designed to provide users with more information about the operations an entity conducts through joint arrangements—including a description of the nature of joint arrangements and summarised financial information relating to its interests in joint ventures.

To view the comment letters click on “Comments” on the left-hand side menu.