IASB September 2007

The staff outlined the issues raised in comment letters on the proposed amendments to IAS 24–State-controlled Entities and the Definition of a Related Party, and presented a preliminary project plan.

The Board discussed the issues raised in the comment letters and made some comments and suggestions for future redeliberations. The Board considered and approved the preliminary project plan.

The Board will start redeliberating the proposed amendments to IAS 24 at its next meeting.