IASB considers ‘what is a reporting entity’?
On 29 May 2008, the International Accounting Standards Board (IASB) published a Discussion Paper (DP) Preliminary Views on an improved Conceptual Framework for Financial Reporting – The Reporting Entity. This DP is the next step in the joint project with the US Financial Accounting Standards Board (FASB) to develop a consistent conceptual framework, and considers issues for the purposes of developing a reporting entity concept
for inclusion in that conceptual framework.The Boards are seeking comments by 29 September 2008 While the DP presents the Boards’ preliminary views on some key issues related to control,work also continues on specific standards, most notably the Consolidations Project.

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