Outreach Meeting on Revenue Recognition
The IASB hosted an outreach meeting on 30 March to discuss the revenue recognition proposals. The IASB provided an update on the status of the revenue project as well as gave a summary of the main themes from other outreach activities. The meeting also discussed areas in the proposals where further guidance and clarity would be required. The meeting was attended by IASB and FASB board members, standard setters, practitioners and preparers.