This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IASB Meeting — 19–20 September 2018

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)



The IASB met in London on Wednesday 19 and Thursday 20 September 2018 to discuss seven topics.

The major sessions focused on Dynamic Risk Management and Primary Financial Statements. 

The Dynamic Risk Management discussions focused on Imperfect Alignment and Change in Risk Management. The Board is aiming to have its core model developed some time in the first half of 2019.

For Primary Financial Statements the Board discussed the scope of proposals for subtotals in the statement of profit or loss; unusual or infrequent items; and presentation of the results of integral and non-integral associates and joint ventures in the statement(s) of financial performance. The Board decided to move the project from the research programme into the standard-setting programme.

The Board decided to start preparing the Exposure Draft of an amendment to IAS 37 Provisions, Contingent Liabilities and Contingent Assets to clarify the meaning of the term ‘unavoidable costs’ in the definition of an onerous contract.

The Board approved the internal guide it will use for setting and drafting disclosure requirements.

The Board is returning to its narrow-scope proposal to amend IAS 1 Presentation of Financial Statements to clarify when the discretion to refinance or roll over an obligation affects its classification as current or non-current. It plans to focus on making a separate amendment rather than incorporating it with IAS 1 changes that are expected to come from the Primary Financial Statements project.

The Staff also updated the Board on the Research Programme. The staff are planning to start discussions with the Board on Extractive Activities in 2019.


Agenda for the meeting

Wednesday 19 September 2018

  • Dynamic risk management
    • Summary of discussions to date
    • Imperfect alignment
    • Change in risk management strategy
  • Implementation — Costs considered in assessing whether a contract is onerous (IAS 37)
  • Extractive activities
  • Research programme

Thursday 20 September 2018

  • Primary financial statements
    • Scope of proposals for subtotals in the statement of profit or loss
    • Unusual or infrequent items
    • Presentation of the results of integral and non-integral associates and joint ventures in the statement(s) of financial performance
    • Project proposal — Moving the project to the standard-setting programme
  • Classification of liabilities as current or non-current (amendments to IAS 1)
  • Disclosure initiative — Targeted standards-level review of disclosures

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

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.