IASB / FASB October 2010

The staff presented to the IASB and FASB a summary of the comments received on the exposure draft Conceptual Framework for Financial Reporting: The reporting entity whose comment period ended on 16 July 2010.

The boards decided that:

1. the staff has appropriately identified the issues to be discussed at future meetings; and
2. the staff should prepare a paper that discusses the possible time required to address these issues and the revised target issue date of the final Chapter.