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Notes from Feb 2010 IASB meeting day 3

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18 Feb 2010

The IASB is holding its February 2010 monthly Board meeting at its offices in London on Monday to Friday, 15-19 February 2010.

Click here to go to the preliminary and unofficial Notes Taken by Deloitte Observers at the meeting.
Acknowledging that a comprehensive standard on rate-regulated activities may be delayed, the IASB agreed to amend IFRS 1 quickly so that a first-time adopter with rate-regulated operations will be permitted to elect to use the carrying amount of items of property, plant, and equipment held, or previously held, for use in such operations as their deemed cost at the date of transition to IFRSs. This proposal has already been exposed and will be added to the batch of Annual Improvements to IFRSs expected to be finalised in April 2010.

 

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.