Comment deadline for the Discussion Paper for a new Conceptual Framework
The IASB published the discussion paper DP/2013/1 A Review of the Conceptual Framework for Financial Reporting for public comment on 18 July 2013.
Included in the DP are proposals to revise the definitions of an asset and a liability, to introduce guidance on derecognition, to clarify the objective and purpose of other comprehensive income and to set a framework for presentation and disclosure.
Comments are due by 14 January 2014.