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.