The IASB staff are also now preparing a ballot draft of the forthcoming macro hedging discussion paper, which is scheduled for publication in the first quarter of 2014.
Progress was made on the impairment project, as the IASB reached a number of tentative conclusions, mostly confirming proposals in the impairment ED and adding some clarifications.
In the classification and measurement project, the staff conducted a joint education session on the business model assessment. Although the Boards considered the staff’s recommendations on various aspects, they were not asked to make any decisions.
Finally, the IASB announced plans to propose two amendments to IFRS 7 Financial Instruments: Disclosures that will be included in the ED of the 2012–2014 cycle of annual improvements.