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IASB Update - September 2014

  • IFRS - IASB Image
  • IFRS - Meeting Image

Sep 26, 2014

On September 26, 2014, IASB Update for September 2014 was issued, being a staff summary of the IASB’s meeting on September 22-24, 2014 at the IASB offices in London, UK. The FASB joined the IASB for some of the sessions via video from its offices in Norwalk.

The topics for discussion were:

  • Disclosure Initiative;
  • Research Projects;
  • Insurance Contracts;
  • Conceptual Framework;
  • IFRIC Update;
  • IAS 21 The Effects of Changes in Foreign Exchange Rates—Foreign exchange restrictions and hyperinflation;
  • IAS 1 Presentation of Financial Statements—Classification of liabilities;
  • Distinction between a change in accounting policy and a change in accounting estimate;
  • Classification of a hybrid financial instrument by the holder; and
  • Post-implementation Review: IFRS 3 Business Combinations. 

Review the IASB Update.

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.