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Final stage

The work on this project stopped in 2011. In 2016 the IASB started research on the Primary Financial Statements project.

Originally, the IASB and the US FASB worked together on a project to develop a joint standard for financial statement presentation. The proposals were meant to replace the existing standards on financial statement presentation in IFRSs, IAS 1 Presentation of Financial Statements and IAS 7 Statement of Cash Flows.