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IASB Meeting Summaries and Observer Notes


 IASB May 2013


 

Agenda Paper 6A

 The staff presented to the IASB and the FASB a summary of the main points received in the comment letters and the outreach activities on the IASB’s Exposure Draft ED/2012/4 Classification and Measurement: Limited Amendments to IFRS 9 (Proposed amendments to IFRS 9 (2010)). No decisions were made at this meeting.

 The Exposure Draft was published in November 2012, and the comment period ended on 28 March 2013. The IASB members and staff have also conducted outreach meetings with interested parties. The outreach efforts are ongoing and include an online survey and outreach with users of financial statements, as well as joint outreach with the FASB on their proposed Accounting Standards Update Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.

Next steps

 At future joint meetings, the following will be discussed:

  • an update on the outreach activities with users of financial statements;
  • an analysis of the feedback received by the FASB on their proposed ASU; and
  • a more detailed analysis of specific issues.

 

Date: 5/24/2013