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IASB Meeting — 19–20 September 2018

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)



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

The major sessions will focus on Dynamic Risk Management (Wednesday) and Primary Financial Statements (Thursday).

The Wednesday sessions start with the Dynamic Risk Management project. The Board will consider Imperfect Alignment and Change in Risk Management.

On Implementation, the IASB will formally vote on preparing a proposed 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 staff will provide an update on the steps they have been undertaking in relation to Extractive Activities. The staff are planning to start public education session for the Bard in 2019.

The staff will give an update on activities in the Research Programme.

The Thursday sessions start with the Primary Financial Statements project. The Board will discuss 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 staff are also recommending that the project be moved to the IASB’s standard-setting programme.

The IASB is returning to its narrow-scope proposal to amend IAS 1 to clarify how an unconditional right to defer settlement of a loan relates to having the discretion to refinance or roll over an obligation affects the classification of a loan as current or non-current.

In the Disclosure Initiative, the Board has been developing an internal guide for setting and drafting disclosure requirements. The staff are asking he Board to approve the guide.


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.

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