Heads Up: FASB and IASB Jointly Issue Preliminary Views Documents |
The attached issue of Heads Up summarizes an IASB Discussion Paper and a FASB Preliminary Views document, Conceptual Framework for Financial Reporting: Objective of Financial Reporting and Qualitative Characteristics of Decision-Useful Financial Reporting Information. These documents, identical in all significant respects, are the first in a series of expected publications. The Boards, aiming to replace their separate frameworks, plan to issue other discussion papers and preliminary views documents that will seek comments on improving their conceptual framework for financial reporting. The Boards expect to conduct the project in eight phases.
Read more in the file attached below, or visit the Heads Up Archive for past issues.
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