Exposure draft and comment letters
On 27 May 2010 the International Accounting Standards Board (IASB) published for public comment proposals to improve the consistency of how items of Other Comprehensive Income (OCI) are presented.
The IASB is proposing to require that entities present profit or loss and other comprehensive income in separate sections of a continuous statement. The IASB is also proposing to group items in OCI on the basis of whether they will eventually be ‘recycled’ into the profit or loss section of the income statement.
Comment letter deadline
The exposure draft is open for comment until 30 September 2010.
Click here to read all comment letter.