IASB takes steps to assist adoption of IFRSs and reinforce consultation
No new IFRSs effective until 2009
When the IASB considered its technical plan at its meeting in June, the IASB affirmed its commitment to the joint work programme described in the Memorandum of Understanding with the US Financial Accounting Standards Board (FASB) published in February 2006. At the same time, the IASB concluded that by addressing issues related to the timing of effective dates and consultation, it would continue both to encourage consistent and rigorous application of IFRSs and to facilitate broad input into the IASB’s work programme.
See full Press Release.
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