June 2010
While they are officially sticking to the target of June 2011, some difficult decisions have had to be made. For example, the publication of the forthcoming standard on financial statement presentation has been deferred until the second half of 2011. Theproject on the derecognition of financial instruments has simply been postponed. In short, although we are expecting another IFRS “big bang” in the near future, it may be later than initially expected (i.e. 2012-2013) or it may be staggered over a period of time. The IASB is planning to gather opinions from stakeholders on the mandatory effective date of the new standards.