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.

May IASB Update published

  • IFRS - IASB Image

May 28, 2014

On May 28, 2014, the IASB Update for May 2014 was issued, being a staff summary of the IASB’s meeting on May 20-22, 2014 at the IASB offices in London, UK. The FASB joined the IASB for some of the sessions via video from its offices in Norwalk.

The topics for discussion were:

  • Insurance Contracts;
  • Agriculture: Bearer Plants;
  • Leases;
  • Equity Method of Accounting;
  • Equity Method: Share of Other Net Asset Changes;
  • Conceptual Framework; and
  • Recognition of Deferred Tax Assets for Unrealized Losses (Proposed amendments to IAS 12).

Review the IASB Update.

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.