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IASB chair provides update on current activities

  • IASB speeches (blue) Image

Jun 28, 2018

At the IFRS conference in Frankfurt, IASB Chair Hans Hoogervorst provided an update on the use of IFRS Standards around the world and the current thinking of the IASB.

Mr. Hoogervorst mentioned that despite the resurgence of protectionism and threats to the rule based trade system of the World Trade Organization, the use of IFRS Standards has progress well. However, there are still some gaps to be filled in the adoption of IFRS Standard in certain jurisdictions.

Next, Mr. Hoogervorst provided an update on the developments in IFRS Standards. The topics he covered included primary financial statements, the implementation of IFRS 17, and wider corporate reporting as well as financial instruments with characteristics of equity, where the IASB has recently issued a discussion paper on this research project.

Review the speech transcript on the Board’s website.

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