Conceptual framework

Date recorded:

The Conceptual Framework discussion paper (DP) and its various sections were discussed extensively during the past two IASB meetings. At the May 2013 meeting, the Board discussed:

  • the comment period for the DP (Staff proposal was 120 days) and
  • the IASB’s permission to ballot the DP.

In respect of the comment period, sometimes constituents ask for a longer period (e.g. 180 days). Besides, there will be a holiday period. The IASB could use this period for the outreach.

The Board agreed with the comment period of 180 days for the DP.

One Board member asked about the process. He might have further comments for the Measurement chapter that has been re-written.

The Board permitted to ballot the DP.

Correction list for hyphenation

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