Black-letter vs. Grey-letter
Date recorded:
IASB approved a proposed introduction to the old IASC Standards stating that "grey-letter" and "black-letter" paragraphs have equal authority, and an enterprise must apply both to comply with IAS. This will be exposed for public comment. The status of appendices to IAS is unchanged. The Board will continue to discuss how to issue the proposed wording for comments at its next meeting in May 2001. The Board will also discuss styling of the Standards at that time.