WG 64 Joint Arrangements


Chairman: Mr. Chan Hooi Lam; Project Manager: MASB Secretariat

WG 64 was set up to review IASB's ED 9 Joint Arrangements. This exposure draft, part of IASB's short-term convergence project with the FASB, proposes a replacement to the existing standard IAS 31 Interests in Joint Ventures, and represents the first major revision to the standard since it was first issued in 1990. The proposals are designed to provide users with more information about the operations an entity conducts through joint arrangements, including a description of the nature of joint arrangements and summarised financial information relating to its interests in joint ventures.