The staff presented to the IASB an update of activities recently undertaken on this research project. The accompanying paper set out:
- the planned approach to the project;
- initial research undertaken, including a summary of the main issues identified;
- a request by IOSCO for guidance from the IASB for situations in which a parent company uses a new entity for the transfer of a business and the effective sale through an initial public offering; and
IASB members generally agreed with the sub-topics identified for research. They emphasised the need to conduct a thorough research to clearly understand, identify and define the issues to be able to take decisions in the future.
No decisions were made at this meeting.
The staff will continue its research and start presenting detailed analyses in subsequent IASB meetings.