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Report from spring 2015 IFASS meeting

  • IFRS - IFASS (International Forum of Accounting Standard Setters) Image

Aug 26, 2015

On August 26, 2015, a report was issued summarizing the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in Dubai on March 23 and 24, 2015.

The following topics were covered:

  • IASB workplan and IFRS Foundation developments;
  • Reports from regional groups;
  • IPSASB matters;
  • EU Expert Group on IAS Regulation;
  • Post-implementation Review of IFRS 3, Business Combinations;
  • Conceptual Framework;
  • Topical Issues: Application of IFRS 10 – Concerns arising from paragraph 4(a)(iv) and Classification of non-Current liabilities in the event of default – IAS 1 and the new ED on liability classification;
  • Effects Analysis Study Report; and
  • New IFASS member projects.

Review the full report from the meeting.

Correction list for hyphenation

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