IASB Proposes Improvements To Accounting For Joint Arrangements
IASB Proposes Improvements to Accounting for Joint Arrangements
On Sept. 17, 2007, the International Accounting Standards Board (IASB) published for public comment a proposal to improve the accounting for joint arrangements.
ED 9, Joint Arrangements proposes a replacement to the existing standard IAS 31, Interests in Joint Ventures. This represents the firs major revision to the standard since it was first issued in 1990.