Global Standards for the world economy

Tuesday 30 May 2017

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Meeting summaries and observer notes

 IASB June 2007


The Board discussed the strategy for redeliberating the proposed amendment to IFRS 1.

The staff presented an initial assessment of the responses to the proposed amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards— Cost of an Investment in a Subsidiary. Board members gave their preliminary comments on the issues raised. The Board tentatively decided to consider the possibility of an amendment to IAS 27 Consolidated and Separate Financial Statements in tandem with a revised amendment to IFRS 1. The Board will discuss this alternative at its meeting in September.


Date: 6/21/2007