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IASB publishes update on the conceptual framework project

  • IASB (International Accounting Standards Board) (blue) Image

24 Apr 2015

The staff of the IASB has published a document setting out the key tentative decisions made by the IASB up to the end of March 2015 that affect the proposals in the discussion paper on the conceptual framework.

On 18 July 2013, the IASB issued Discussion Paper A Review of the Conceptual Framework for Financial Reporting to consider areas where revisions and amendments of the existing conceptual framework was needed. At its January 2015 meeting the IASB substantially completed its redeliberations on the Discussion Paper and published a first summary of tentative decisions. In March 2015, the IASB discussed issues that have arisen in drafting the Conceptual Framework exposure draft. This new update includes the tentative decisions made in March. An exposure draft is expected in the second quarter of 2015.

For more information, see the document on the IASB’s website. In addition, Deloitte has followed the redeliberations of the IASB and all tentative decisions to date; see our conceptual framework project page for details.

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