New approaches to three major IASB agenda projects
16 Aug 2004
In "The Chairman's Page–A Personal View" in the July 2004 issue of the IASB's Insight newsletter, IASB Chairman Sir David Tweedie discusses the Board's revised approach to three major agenda projects: Insurance Contracts, Financial Instruments, and Performance Reporting.
I want to emphasise that we have not reached any decisions on these three projects. The advisory groups will therefore start with a clean slate. The IASB has made no commitment to a full fair value approach on insurance and financial instruments.... The field tests on the IASB's original proposals on performance reporting showed that we needed to develop alternative approaches. |