Off balance sheet activity was identified as a matter of concern by the G20 group of leaders at their meeting in Washington in November 2008. In response to those concerns, the IASB accelerated its work in this area and announced at a joint meeting with the US Financial Accounting Standards Board (FASB) that the two boards will work together to develop a joint approach to off balance sheet activity once the FASB has completed short-term amendments to its own standards.

The round-table discussions will take place in Toronto on 1 and 2 June, in Tokyo on 8 and 9 June and in London on 15 and 16 June. Each session will be held in public. Interested parties are welcome to register through the IASB’s website on www.iasb.org. Please visit the project and meeting pages of the website also for further details on venue and the exact timing.

The IASB will use the insights gained at the round tables in working towards issuing its new requirements on consolidation by the end of 2009 and on the derecognition of financial instruments in the first half of 2010.

Press enquiries

• Mark Byatt, Director of Corporate Communications, IASB
  Telephone: +44 (0)20 7246 6472,
  Email: mbyatt@iasb.org
• Sonja Horn, Communications Adviser, IASB
  Telephone: +44 (0)20 7246 6463
  Email: shorn@iasb.org

Technical inquiries:

• Patrina Buchanan, Project Manager, IASB
  Telephone: +44 (0)20 7246 6468
  Email: pbuchanan@iasb.org
• Christian Kusi-Yeboah, Project Manager, IASB
  Telephone: +44 (0)20 7246 693
  Email: ckusiyeboah@iasb.org