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

The third issue of the newsletter summarises the tentative decisions reached at the March 2013 IASB meeting regarding the content of the forthcoming Discussion Paper. In addition, the newsletter summarises some initial views expressed by National Standard Setters in the EFRAG CFSS meeting of 3 April 2013 regarding:

• the scope of the project;
• definition and recognition of elements;
• measurement;
• development and content of the Discussion Paper; and
• debt/equity.

The EFRAG CFSS meeting was devoted to the preparation of the first meeting of the IFRS Accounting Standards Advisory Forum (ASAF) so as to support a cohesive and representative European delegation at the ASAF.