This IASB Update is a staff summary of the tentative decisions reached by the Board at a public meeting. As a project progresses, the Board can, and sometimes does, modify its earlier tentative decisions. Tentative decisions do not change existing requirements until those decisions are incorporated in a new or amended standard.
The International Accounting Standards Board met with the US Financial Accounting Standards Board (FASB) in London on 14 - 17 June 2010. The boards discussed: