EFRAG and IASB update on progress in convergence projects published

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23 Mar 2011

The International Accounting Standards Board (IASB) and the European Financial Reporting Advisory Group (EFRAG) have released details of their meeting on 18 March, which aimed to review work on convergence projects.

The meeting focused on the remaining three Memorandum of Understanding projects on financial instruments, leases and revenue recognition, as well as the project on insurance contracts. The EFRAG's recommendations on these four projects were discussed.

Click for the EFRAG summary of the meeting (link to EFRAG website).

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