EFRAG, ANC, ASCG, FRC and OIC have released the fourth issue of their Conceptual Framework newsletter.

The fourth issue of the newsletter summarises how the input that the IASB received at the April 2013 meeting of the Accounting Standards Advisory Forum (ASAF) is now reflected in the IASB’s tentative decisions on the Conceptual Framework project.

The issues considered in the newsletter are:
– measurement;
– presentation in the statements of profit or loss and comprehensive income;
– uncertainty;
– the role of the business model;
– the unit of account;
– additional issues ASAF members wanted to be considered in the Conceptual Framework; and
– the comment period for the IASB discussion paper.