SUMMARY OF BOARD DECISIONSSummary of Board decisions are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions are included in an Exposure Draft for formal comment only after a formal written ballot. Decisions in an Exposure Draft may be (and often are) changed in redeliberations based on information provided to the Board in comment letters, at public roundtable discussions, and through other communication channels. Decisions become final only after a formal written ballot to issue a final standard. December 10, 2008 Board Meeting Objective and qualitative characteristics The staff presented a summary of comments received on the May 2008 Exposure Draft, Conceptual Framework for Financial Reporting: The Objective of Financial Reporting and Qualitative Characteristics and Constraints of Decision-Useful Financial Reporting Information, and explained the plans for redeliberations. No decisions were made. The staff presented a summary of comments received on the May 2008 Preliminary Views, Conceptual Framework for Financial Reporting: The Reporting Entity, and explained the plans for redeliberations. No decisions were made. |