Administrative session

Date recorded:

IFRIC work in progress

The IFRIC Coordinator asked for questions on IFRIC work in progress.

It was noted that two items still await further progress: accounting for REACH cost (as tentatively added to the agenda in July 2008) and derecognition.

Regarding the first topic it was highlighted that national standard-setters expressed their will to support the IFRIC and that this is currently being coordinated.

On the second topic, the IFRIC Coordinator highlighted that there will be a proposal at the next meeting to remove it permanently from IFRIC's agenda as the IASB has accelerated its own derecognition project.

This closed the public part of this session.

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