IASB/FASB Conceptual Framework Project

In July 2006, a group of Chairs and senior staff members of the standard-setting bodies of Australia, Canada, New Zealand and the United Kingdom issued a report on the applicability to not-for-profit entities in the private and public sector of the IASB/FASB Conceptual Framework Project’s "Preliminary Views on the Objective of Financial Reporting and Qualitative Characteristics of Decision-Useful Financial Reporting Information." The Report is available online. For more information about the IASB/FASB Conceptual Framework project, visit the joint IASB/FASB webpage.