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Joint press release on IASB-EFRAG Meeting

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16 Jun 2011

The IASB and EFRAG have issued a press release on their joint meeting held on 14 June 2011 to discuss the completion of the IASB's work plan and the future agenda of the IASB.

These meetings take place on a regular basis and are used to discuss European ideas and input into projects on the IASB's agenda. In addition to representatives from EFRAG, four European standard-setters were represented: France, Germany, Italy and the UK. The topics discussed were:

  • Revenue recognition
  • Leases
  • Insurance contracts
  • Financial instruments
  • New standards on consolidation, joint arrangements and disclosures
  • Timeline for completion of major projects

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