The steering committee's work on an issues paper on Present Value
is at an advanced stage. The IASB will have its initial discussion of the project at its inaugural meeting 18-20 April, but additional "educational sessions" will be needed, most likely continuing into the summer. Therefore, publication of a paper in the first half of 2001 is no longer a realistic expectation. Second half of 2001 is more likely.
For IASB start-up reasons, as well, publication of a Draft Statement of Principles on Insurance Contracts is now no longer expected in the first half of 2001. Late 2001 or early 2002 is the most likely time frame at present.