IASB meeting — 18 January 2017

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

The IASB will meet at its offices in London on 18 January 2017.

The first meeting for 2017 has a light agenda, with the IASB scheduled to meet in public only on Wednesday 18 January 2017.

The first session focuses on a post-implementation review of IFRS 13 Fair Value Measurement. The requirements in IFRS 13 are substantially the same as those in the FASB’s requirements, the two boards having worked to have converged standards. The staff is recommending that the IASB move ahead with a post-implementation review and that the Board should issue a request for information as part of that process.

The Board will continue its discussions from December 2016 on a possible amendment to IFRS 9 Financial Instruments in relation to symmetric prepayment options, to allow instruments with a prepayment options to qualify for amortised cost measurement. The staff are recommending that the Board proceed with an amendment.

The Board is currently preparing an exposure draft to clarify the difference between an accounting policy and a change in estimate. The staff will provide feedback on the testing of the proposed wording.

The Staff will also provide the IASB with a brief (ten minute) oral update on the insurance contracts project.

The Conceptual Framework session focuses on factors specific to initial measurement; the use of more than one measurement basis; and whether to confirm the proposals to update the references in Standards and Interpretations to the Conceptual Framework.


Agenda for the meeting

Wednesday 18 January 2017 (9:00–16:10)

  • Post-implementation review of IFRS 13 Fair Value Measurement
  • IFRS 9 — Symmetric prepayment options
  • Accounting policies and accounting estimates
  • Insurance contracts (oral update)
  • Conceptual Framework

Agenda papers for this meeting are available on the IASB's website.

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