Skip to content (Press enter)
Show Sections

Final stage

On 28 September 2010, the International Accounting Standards Board issued Conceptual Framework for Financial Reporting, completing the first phase of its project to revise the Conceptual Framework. That phase covered the:

  • objective of general-purpose financial reporting; and
  • qualitative characteristics of useful financial information.

The Board completed its revision by issuing a revised version of the Conceptual Framework in 2018.