The IASB discussed Agenda Paper 4 Accounting for Macro Hedging—due process and permission to ballot.
The IASB decided that the comment period for the Accounting for Macro Hedging DP should be 180 days. The IASB also stated that it is satisfied that it has completed all of the necessary steps to ensure that the DP is likely to meet its purpose and instructed the staff to prepare a draft of it for ballot.
Fifteen IASB members agreed. One IASB member was absent.
The IASB expects to publish the Accounting for Macro Hedging Discussion Paper in Q1 2014.