19 Feb 2005

We have updated the project pages for the following agenda projects to reflect deliberations at the Board's February 2005 meeting: Accounting Standards for Non-Publicly Accountable Entities (NPAEs) (formerly called Small and Medium-sized Entities or SMEs) Amendments to IAS 39: Cash Flow Hedge Accounting of Forecast Intra-group Transactions Amendments to IAS 39: The Fair Value Option Amendments to IAS 39 and IFRS 4: Financial Guarantees and Credit Insurance Business Combinations II - Purchase Method Procedures Conceptual Framework Convergence of IFRSs and US GAAP – Income Taxes ED 7 Financial Instruments: Disclosures Insurance Contracts - Phase 2 Management Commentary (sometimes called Management Discussion and Analysis) .