IASB issues July 2007 update

BVWireIssue #59-1
August 1, 2007

The most recent Update (July 2007) from the International Accounting Standards Board summarizes discussions during its recent London meeting, July 17-20.  Among other topics, the Board took up:

  • the joint conceptual framework with the Financial Accounting Standards Board
  • post-employment benefits
  • financial instruments puttable at fair value and obligations arising on liquidation
  • annual improvements process
  • IAS 27 (Consolidated and Separate Financial Statements)

The complete and most current Update is posted with other 2007 issues at the IASB.

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