For more information, see the press release on the IASB's website.

As well as a discussion on IFRS 16 requirements, the webcast contains insights from Stephen Cooper, including his views on: (i) the Board’s rationale for the disclosure requirements in IFRS 16; (ii) the information needs of users of financial statements; and (iii) key considerations for a lessee in determining what information is most relevant to users of financial statements.

The webcast can be accessed via the IFRS 16 implementation page.

General remarks

Below is an analysis of all changes made to the work plan since our last analysis on June 26, 2017.

Stan­dard-set­ting projects

• No changes

Main­te­nance projects

• Narrow-scope amendments to IAS 19 and IFRIC 14 — Remeasurement on a plan amendment, curtailment or settlement / Availability of a refund of a surplus from a defined benefit plan [ED] — final amend­ments are now expected in the first half of 2018 (was: fourth quarter of 2017)
• A new project "Accounting policy changes (Amend­ments to IAS 8)" has been added to the work plan. This goes back to the Board's June 2017 dis­cus­sions when the Board ten­ta­tively decided to amend IAS 8 to lower the im­prac­ti­ca­bil­ity threshold regarding ret­ro­spec­tive ap­pli­ca­tion of voluntary changes in accounting policies that result from agenda decisions. An exposure draft is currently expected in the first half of 2018.
• Long-term Interests in Associates and Joint Ventures (Proposed Amendments to IAS 28) [ED] (split out from the annual im­prove­ment process 2015-2017) is now expected to see final amend­ments in October 2017 (was: September 2017)
• The two remaining issues of the annual im­prove­ment process 2015-2017 were set to see final amend­ments in July 2017. This has been changed to the fourth quarter of 2017.
• Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) [ED] — dis­cus­sions this week have clarified that final amend­ments are expected in October 2017

Research projects

• Discount Rates [Research] — a research report is now expected in the first half of 2018 (was: September 2017)
• Share-based payments, potential amendments to IFRS 2 [Completed] — a research report is now expected in the first half of 2018 (was: September 2017)

Other projects

• No changes

The above is a com­par­i­son of the IASB work plan at June 26, 2017 and at July 21, 2017. For access to the current IASB work plan at any time, please click here.

Ms. Shah, who will take office in October 2017, is currently Deputy Chief Ac­coun­tant of the Division of Cor­po­ra­tion Finance of the US Se­cu­ri­ties and Exchange Com­mis­sion (SEC). In that capacity she has supported the SEC staff’s dis­cus­sions on IFRSs within the International Or­ga­ni­za­tion of Se­cu­ri­ties Com­mis­sion’s (IOSCO) accounting technical committee.

For more in­for­ma­tion, see the press release on the IASB website.

The webinar was tailored to investors and covered the following questions:

• Why IFRS 17 was developed?
• How does IFRS 17 work?
• What are the benefits of IFRS 17?

There is also a section with answers to questions submitted by investors during the webinar.

Listen to the webinar through the press release on the IASB website.

MI 61-101 is designed to facilitate the fair treatment of all security holders by addressing potential conflicts of interests on the part of insiders and related parties in certain transactions, and is already in effect in Ontario and Quebec. The instrument contains requirements for enhanced disclosure, independent valuations and majority of minority security holder approvals for transactions such as insider bids, issuer bids, business combinations and related party transactions.

For further details, re­view the No­tice on the CSA's website and MI 61-101 on the ASC’s website.

The main fea­tures of the proposals in the Statement of Principles (SOP) are as fol­lows:

• Public private partnership infrastructure is procured by the public sector entity using a private sector partner whose obligations include: a requirement to build, acquire, improve or refurbish; finance; and maintain and/or operate the infrastructure.
• Public private partnership infrastructure is recognized as an asset where the public sector entity controls the infrastructure.
• A liability is recognized where the public private partnership gives rise to an obligation to the public sector entity to sacrifice future economic benefits.
• Infrastructure and the associated liability are measured initially at cost.

Re­view the Statement of Principles on the PSAB's website.

The illustrative tagging shows how selected information from the Illustrative Examples accompanying IFRS 17 could be tagged using the IFRS Taxonomy Update that was proposed together with the issuance of IFRS 17 on May 18, 2017 and is currently expected to be published in the fourth quarter of 2017.

The illustrative tagging is available through the IASB's supporting material section of the Taxonomy Update project page.

This questionnaire is open from July 18, 2017 through September 20, 2017. A copy of the report can be accessed here.

The event was organized by the International Accounting Standards Board, in conjunction with EFRAG, the European Federation of Financial Analysts Societies (EFFAS), and the Association Belge des Analystes Financiers (ABAF/BVFA).

It introduced the main elements of the Discussion Paper, the preliminary positions held, focused on the information needs of investors, and sought input on the following issues included in the Discussion Paper: (i) Can principles make communication more effective? (ii) What do investors think are useful examples of disclosures in the financial statements? (iii) Alternative (non-IFRS) performance measures in the financial statements: misleading or useful? (iv) Should unusual or infrequently occurring items be separately reported and if so how? and (v) How important is the application of materiality when deciding what and how to disclose information?

Re­view the Summary Report on the IASB’s website.