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AcSB and OIC hold joint meeting

  • IFRS - AcSB Image

Jul 03, 2018

On July 3, 2018, the Accounting Standards Board (AcSB) posted a summary of a joint meeting held on June 20 between the AcSB and the Italian standard-setter Organismo Italiano di Contabilità (OIC) in Toronto. The meeting was the first bilateral meeting between the two standard-setters.

In addition to giving updates on their respective standard-setting activities at the meeting, the two boards exchanged views on implementation activities regarding the standards on financial instruments, revenue, and leases, technical issues on IFRS 17 and the IASB’s current project on rate-regulated activities. In addition, the AcSB and the OIC discussed two projects of individual interest, specifically, relevance of performance measures and business combinations under common control.

Review the press release on the AcSB's website.

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