IASB February 2010

The IASB began its deliberations of the disclosure requirements proposed in ED 9 Joint Arrangements and ED 10 Consolidated Financial Statements. The Board tentatively decided to combine the disclosure requirements for subsidiaries, joint ventures and associates within a comprehensive disclosure standard would address a reporting entity's involvement with other entities when such involvement is not within the scope of IAS 39 Financial Instruments: Recognition and Measurement or IFRS 9 Financial Instruments. Such a disclosure standard would also include the disclosure requirements for joint operations.

In addition, the Board tentatively affirmed the proposal in ED 10 that a reporting entity should disclose information that enables users of its financial statements to evaluate the nature of, and risks associated with, structured entities that the reporting entity does not control. The disclosure would be integrated within the comprehensive disclosure standard for a reporting entity's involvement with other entities.