According to the timetable for the redeliberations in the conceptual framework project, the IASB aims to issue an Exposure Draft of a revised Conceptual Framework by the end of 2014.

The staff paper is available on the IASB's website.

IFRS 15 applies to an annual reporting period beginning on or after 1 January 2017. The updated report indicates that final endorsement of the standard is currently expected in the second quarter of 2015.

The endorsement status report, dated 5 June 2014, is available here.

The TRG members comprise of auditors, preparers, and users from various industries and geographical locations as well as from both private and public companies. The current membership includes:

• John Armour, CBIZ MHM, LLC, Managing Director
• Karyn Brooks, Bell Canada, Retired Senior Vice President and Controller
• Jeff Bryan, Dixon Hughes Goodman LLP, Partner, Professional Standards Group
• Andrew Buchanan, BDO IFR Advisory Limited, Global Head of IFRS
• Allan Cohen, NBCUniversal Media, Senior Vice President and Controller
• Emmanuelle Cordano, Sanofi, Accounting Standards Director
• Mark Crowley, Deloitte & Touche LLP, National Office Director, Accounting Standards and Communication
• Tony de Bell, PricewaterhouseCoopers LLP, Partner, Global Accounting Consulting Services
• Carl Douglas, The CCR Group, Corporate Controller
• Russell Hodge, General Electric Company, Global Technical Controller
• Christoph Hütten, SAP, Senior Vice President and Chief Accounting Officer
• Gregg Nelson, IBM Corporation, Vice President, Accounting Policy and External Reporting
• Brian O’Donovan, KPMG IFRG Limited, Partner, International Standards Group
• James Riley, Jardine Matheson, Group Finance Director
• Rita Spitz, William Blair & Company, LLC, Principal
• Alison Spivey, Ernst & Young LLP, Partner, Assurance Services-National Accounting
• Scott Taub, Financial Reporting Advisors, LLC, Managing Director
• Michael Wood, Raytheon, Vice President, Controller and Chief Accounting Officer
• Kazuo Yuasa, Fujitsu Limited, Executive Vice President, Corporate Finance Unit

The first TRG meeting is scheduled for 18 July 2014.

For more information, see the press release on the IASB website.

Ms Diaz is Deputy General Director of Accounting Regulation for the National Banking and Securities Commission (CNBV) in Mexico where she is responsible for the design, development and implementation of accounting standards, auditing and disclosure regulations issued by the CNBV. Ms Diaz is also a permanent representative of CNBV at the Accounting Experts Group of the Basel Committee. Her appointment commenced with effect from 1 June 2014.

For more information, please see the press release on the IASB website.