The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) will host a series of outreach meetings in March, April and May 2012 on their revised joint proposals for the recognition of revenue that were published in November 2011.
The meetings form an important part of the boards’ programme of outreach activities on this second set of the revenue recognition proposals and they reflect the importance of revenue to all companies. To date, the boards have already hosted a number of workshops, webcasts and conferences on the topic and have held a number of meetings with auditors, preparers, regulators and users.
The round-table meetings will be held in public and will provide an opportunity for those that have submitted a comment letter, or who still intend to submit a comment letter, to discuss the proposals with the boards in further detail. The meetings will take place in London (UK), Norwalk (US) and Tokyo (Japan) in April; an additional round-table meeting will take place for US private entities in May 2012.
In addition, the IASB will host further outreach meetings during the week commencing 26 March 2012 in Sao Paulo (Brazil) and Kuala Lumpur (Malaysia). Details of those events will be announced on the IASB’s website in the coming weeks.
An audio recording of the roundtable discussions will be made available shortly after each round table on www.ifrs.org and www.fasb.org.
Registration details for observers or participants are available on the IASB meetings diary:
- Click here for the 4 April 2012, Tokyo, Japan round-table meetings
- Click here for the 20 April 2012, London, UK round –table meetings
- Click here for the 26 April 2012, Norwalk, CT, USA round-table meetings
For the additional round-table meeting for private companies organised by the FASB, please visit the revenue recognition project page on the FASB website www.fasb.org.
- Details for the outreach meetings in Sao Paolo, Brazil and Kuala Lumpur (Malaysia) during the week commencing the 26 March 2012 will be announced on the revenue recognition project website.
- Sonja Lardeau
Communications Manager, IFRS Foundation
Telephone: +44 (0)20 7246 6463
- Christine Klimek
Communications Manager, FASB
Telephone: +1 203-956-3459