The IASB( International Accounting Standards Board)met in London on 15-24 March 2010. Click here for the March 2010 Update. The US Financial Accounting Standards Board (FASB) joined the IASB for some sessions. The Boards discussed:
- Annual improvements;
- Consolidation;
- Derecognition;
- Fair value measurement;
- Financial instruments: classification and measurement;
- Financial instruments: updates;
- IFRIC update;
- Income taxes;
- Insurance contracts;
- Joint arrangements;
- Leases;
- Liabilities - IFRS to replace IAS 37;
- Revenue recognition; and
- SAC Update.
This IASB also issued a supplement which provides updates for the insurance contracts sessions held on 23 and 24 March, which were not available at the time of publishing the March Update