IASB / FASB 11 May 2011

The IASB and FASB invited guest speakers from the telecommunications industry to present their views on how the proposed revenue recognition model would affect current accounting practice in the industry.

The external presenters were Thilo Kusch and Heiko Ehrcke of the Deutsche Telekom group, representing a forum of European telcos; Goran Nilsson and Kristinia Beckius from TeliaSonera AB; and Ryan Siurek and John Mutrie from Sprint Nextel Corp, representing a US telcos forum. Because this was an education session the boards were not asked to make any decisions.