IASB January 2007

Liabilities and Equity is a modified joint project on which the FASB has the lead during the research stage. This was the first of a series of meetings at which the staff will present the results of that research. The aim is to publish a discussion paper on this topic later in 2007.

The Board discussed the process it will follow to enable it to issue a discussion paper on liabilities and equity. In addition, the Board discussed the project’s interaction with the Conceptual Framework project.

The Board also discussed IAS 32 Financial Instruments: Presentation implementation issues, as well as the views of interested parties on what ‘equity’ should be. No decisions were made.