Emerging Economies Group update

Date recorded:

Emerging Economies Group Activities (Agenda Paper 28)


In this session, the staff provided an update on the engagement with the Emerging Economies Group (EEG). The EEG was established in 2011 at the direction of the IFRS Foundation Trustees, with the aim of enhancing the participation of emerging economies in the development of IFRS Standards.

Participants at the May 2018 meeting discussed IFRS 16 Leases, involuntary common infrastructure cost, digital currencies, accounting for micro-entities, accounting for private entities, accounting for subsidiary entities, initial feedback on the implementation of IFRS 9 in emerging economies, consolidation of not-for-profit entities, and presentation of current/non-current assets. The full report can be found on the IASB website.

Staff recommendation

The staff did not recommend any decisions for this meeting.


There was no significant discussion in this session.


No decisions were made.

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