The IASB and FASB held round-table discussions on measurement, in conjunction with their joint Conceptual Framework project, in three locations during January and February 2007:
Read a summary of comments made by round-table participants [PDF].
The objectives of these roundtables were:
- To hear the views of representative IASB and FASB constituents on measurement early in the measurement phase of the Conceptual Framework project.
- To discuss whether the list of measurement issues identified in the plan for the measurement phase of the Conceptual Framework project is appropriate and substantially complete.
- To discuss whether the initial inventory of potential measurement bases prepared by the project staff and the terminology associated with that inventory is substantially complete and understandable.