Other items

Date recorded:

The meeting discussed the following matters briefly.

Fair Value Measurement guidance: EFRAFG suggested that this standard be limited to financial instruments rather than all items measured at fair value. The IASB responded that the consequential amendments accompanying the IFRS would change those IFRSs for which a current measure other than fair value was the intended attribute. There was some concern that the pre-ballot draft had omitted some obvious candidates for such changes.

EFRAG Pro-active Activities: The IASB supported the EFRAG's ongoing proactive activities and suggested that the most useful topic from their point of view was post-implementation reviews in the EU.

EC consultation on country-by-country reporting: The IASB reassured EFRAG that it had already met with those in favour of country-by-country reporting and were of the opinion that this was not an accounting standards issue. The IASB would not be requiring such disclosure as part of IFRSs, no matter how sympathetic to the aims and objectives of those proposing the disclosure they might be.

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.