Round-table meetings - rescheduled
On October 11th 2010, the US Financial Accounting Standards Board (FASB) has announced that its two round-table meetings to seek views from stakeholders on the IASB staff draft on consolidated financial statements have been rescheduled from Monday 25 October to Monday 22 November 2010.
The IASB is participating in the round-table meetings and, at this stage, remains committed to issue the final standard on consolidation at the end of 2010 despite the delay of these meetings. The IASB also plans to issue the final standards on disclosures and joint arrangements at the same time. However, it will review its timetable for completion of the final standard on consolidation following the round-table meetings.
The rescheduling of the round-table meetings will not affect our joint timetable with respect to the publication of the exposure draft on Investment Entities, which the FASB and IASB anticipate to publish in the second quarter of 2011.