At this meeting, the Board discussed a summary of the comment letters received in response to the Discussion Paper Management Commentary prepared for the IASB by staff of the United Kingdom, New Zealand and German standard-setters, and the Canadian Institute of Chartered Accountants. The discussion paper was published by the IASB in October 2005.
Overall, the response received from the publication of the discussion paper was positive. The Board asked the team to prepare a draft agenda proposal for review. The Board thanked the team for their work. See IASB Observer Notes for this meeting for the Comment Letter Summary.