This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Summary of the December 2015 ASAF meeting

  • IFRS - IASB Image
  • IFRS - Meeting Image

Jan 22, 2016

On January 22, 2016, the staff of the International Accounting Standards Board (IASB) released a summary of the discussions of the Accounting Standards Advisory Forum (ASAF) meeting held on December 7 and 8, 2015.

The topics covered during the meeting included:

  • Disclosure Initiative—draft Materiality Practice Statement
  • Conceptual Framework—Recognition Criteria
  • Research Project: Post-employment Benefits
  • Goodwill and impairment
  • Different effective dates of IFRS 9 and the new Insurance Contracts Standard
  • Business Combinations under Common Control
  • Role of Post-implementation Reviews
  • Disclosure Initiative—next steps
  • The Equity Method of Accounting

Review the full report on the IASB's Web Site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.