Phase B - Replacement of IAS 1 and IAS 7 (Paused)
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This project is paused until the IASB concludes its ongoing deliberations about its future work plan (visit the Agenda consultation project page for more information).
The IASB and the US FASB are undertaking a project to develop a joint standard for financial statement presentation.
If adopted, the new proposals would replace the existing standards on financial statement presentation in IFRSs, IAS 1 Presentation of Financial Statements and IAS 7 Statement of Cash Flows.
10 September 2010 IASB and FASB publish a webcast entitled 'Financial Statement Presentation: presenting cash flow information'
10 August 2010 IASB and FASB publish voice-over presentation and podcast introducing the staff draft
Click here to see all previous project news on this project.
Last IASB meeting update
1 March 2011
The staff presented the results and findings of its outreach activities related to the July 2010 staff draft of an exposure draft on financial statement presentation.
Click here to view the full update and to access all previous IASB updates on this project.
Click here to listen to all previous IASB updates on this project
Next discussion by the IASB
If and how the project will be continued, will be decided after the completion of the IASB's agenda consultation.
Page last updated: 6 March 2011