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IASB meeting — 18–19 July 2017

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

The IASB will meet in public on Tuesday 18 and Wednesday 19 July 2017. There are six topics on the agenda.

Tuesday 18 June

The meeting starts in the afternoon with feedback on outreach the IASB staff have undertaken with investors and analysts in relation to the recently issued IFRS 17 Insurance Contracts.

The Board will discuss feedback on two of the proposed amendments included in the Annual Improvements to IFRS Standards 2015–2017 Cycle related to IAS 12 Income Taxes and IAS 23 Borrowing Costs. They will also discuss a possible amendment to IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction.

The day finishes with a session on Disclosure Initiative: Materiality Practice Statement. The staff are responding to comments received as a result of an external review of the draft practice statement. This session was originally scheduled for discussion in June.

Wednesday 19 June

The morning session is devoted to the proposed amendment to IFRS 9 on prepayment features with negative compensation. The Board will continue to discuss the feedback from comment letters. The staff are asking the Board to finalise the amendments, but with an effective date of 1 January 2019, rather than the originally proposed 1 January 2018, with earlier application permitted.

In the afternoon the Board will continue its discussions on rate-regulated activities, focusing on control and matching; and recognition and uncertainty.

The meeting concludes with another education session on possible revisions to the assessment of goodwill impairment, mainly focusing on feedback from outreach.


Agenda for the meeting

Tuesday 18 July 2017 (13:30–16:45)

  • Insurance contracts — Investor reactions to IFRS 17
  • IFRS implementation issues
    • Amendments to IAS 12: Income tax consequences of payments on financial instruments classified as equity: Analysis of feedback on the proposed amendments
    • Amendments to IAS 23: Borrowing costs on completed qualifying assets - Analysis of feedback on the proposed amendments
    • Amendments to IAS 19 and IFRIC 14: Possible effects of amendments to IFRIC 14
  • Disclosure initiative: Materiality practice statement: Sweep issues—covenants

Wednesday 19 July 2017 (9:30–15:30)

  • IFRS 9:
    • Prepayment features with negative compensation
    • Modification of liabilities
  • Rate-reg­u­lated ac­tiv­i­ties: developing the model (education session)
    • control and matching
    • recognition and uncertainty
  • Goodwill and impairment (education session)

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

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