Joint IASB and FASB April 2006

The boards held a preliminary discussion on whether to add a project on leases to their agendas. It was agreed that a joint project was preferable. Staff were instructed to develop an agenda proposal and plan for a project that would build on the work carried out in the IASB’s joint research project with the UK ASB, and that would initially result in a preliminary views paper. The agenda proposal will be discussed with the SAC before being brought to the boards for approval.