086 IASB updates its work plan
IASB updated its work plan on September 30th 2011.
The issuance of the second exposure draft of “Revenue” which was originally planned during September of this year was postponed till fourth quarter (after October) of this year. Besides, the second exposure draft of “Lease” will be issued in the beginning of 2012. Both standards are planned to be finalized in the late 2012.
Expectation towards the second exposure draft of the two standards is high because they have been arguing the matters for a long time.
