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IASB updates its project timetables

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20 Feb 2003

Information posted in the timetable on IASB's website indicates the following changes: Improvements: final standards in 2nd quarter 2003 (was 1st quarter) Deposit-Taking, Lending, and Securities Activities: Disclosure and Presentation: exposure draft in 3rd quarter 2003 (was 2nd quarter) Reporting Performance: exposure draft in 4th quarter 2003 (was 1st half) Business Combinations Phase II (Application of the Purchase Method): exposure draft in 2nd quarter 2003 (was 1st quarter) Insurance Contracts Phase I: exposure draft in 2nd quarter 2003 (was 1st quarter) Concepts: Liabilities, Equity, and Revenue Recognition: exposure Draft in 3rd quarter 2003 and final Standard 2004 (a timetable had not been announced previously) Convergence Topics: Short-term Issues: exposure Draft in 3rd quarter 2003 and final Standard 2004 (a timetable had not been announced previously).

The IASB has not yet established a timetable for the non-short-term issues in its Convergence Project.

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