This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Conceptual Framework - IASB

Date recorded:

At its meeting on February 23, 2017, the IASB discussed the Conceptual Framework project, concentrating on an appendix on cash-flow-based measurement techniques, and on minor comments on the concepts supporting the asset and liability definitions from the May 2015 Exposure Draft Conceptual Framework for Financial Reporting. Further, the Board discussed: (i) the review for inconsistencies between the revised Conceptual Framework and existing IFRS Standards; (ii) assessing the effects of the revised Conceptual Framework; and (iii) the due process steps for developing the revised Conceptual Framework.

The Board tentatively decided that the Board and the IFRS Interpretations Committee will start using the revised Conceptual Framework as soon as it is issued.

Review the IASB Update and podcast on the IASB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.