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IAS Plus Update — IASB publishes exposure draft on conceptual framework description of the reporting entity

Published on: 19 Mar 2010

On 11 March 2010, the International Accounting Standards Board (IASB) published Exposure Draft ED/2010/2 Conceptual Framework for Financial Reporting – The Reporting Entity. This ED forms part of the multi-phased joint IASB and US Financial Accounting Standard Board (FASB) project to develop a common conceptual framework. The Boards believe that establishing a common definition of the reporting entity concept at the framework level will assist in developing a consistent approach on the consolidation project at the standard-level.


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