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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.