The International Accounting Standards Board has just released its latest monthly (June 2007) Update. Highlights include the IASB’s discussion of four issues relating to IFRS 3 Business Combinations, and transition planning for IAS 27 Consolidated and Separate Financial Statements. A summary of the Board’s recent re-deliberations of its conceptual framework project also appear, including its decision to extend coverage from financial statements to financial reporting as a whole. (Note that any decisions reported in the Update are tentative and subject to review by the Board.) Finally, a list of upcoming IASB meetings, including those with the FASB, concludes the issue. To review the June edition (and archives), click here.
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