Technical Plan

Date recorded:

The Board discussed the latest version of the Technical Plan (a copy of which was not available to Observers). Of interest:

  • Concepts Phase B, Elements of Financial Statements, Discussion Paper is expected in 4Q 2007
  • Concepts Phase H has been re-branded as 'Other issues, if necessary'
  • The Research Agenda will include dates of expected Board discussion and/or due process documents as that information becomes available.

Board members noted, in particular, that there is a need for the IASB and FASB to be consistent about how they each classify projects ('joint', 'modified joint', etc). Currently, the two organisations (for reasons that respond to their various constituencies) classify some projects differently, which can be confusing to constituents.

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