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.