IASB remains committed to issue a final standard on consolidation at the end of 2010

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15 Oct 2010

On 11 October 2010, the US Financial Accounting Standards Board (FASB) announced that its two round-table meetings to seek views from stakeholders on the IASB staff draft on consolidated financial statements have been rescheduled from Monday 25 October to Monday 22 November 2010.

The IASB is participating in the round-table meetings and has now published a statement that, at this stage, it remains committed to issue the final standard on consolidation at the end of 2010 despite the delay of these meetings. However, it will review its timetable for completion of the final standard on consolidation following the round-table meetings.

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