IASB May 2009

The Board discussed consolidation, various aspects of its work on financial instruments and credit risk in the measurement of liabilities.

Consolidation

The Board discussed an overview of the responses to ED10 Consolidated Financial Statements and the project plan. The staff will work towards an IFRS by the end of the year and at a future meeting the Board will discuss the timing for completing the project. The session was educational and the Board made no decisions.