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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. |