The deadline for comments on the proposal ended 1 February 2010. The ASB's next steps include developing and drafting a Financial Reporting Exposure Draft (FRED) for consultation. The FRED will include an impact assessment. The ASB has now issued a request for responses to aid the development of that impact assessment. The request for responses
Assessing the impact of the Accounting Standards Board proposals for the future of UK and Irish Financial Reporting can be downloaded
here (PDF 75k). The deadline for responses is 20 August 2010.