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Agenda for the upcoming IFASS meeting

  • IFASS (International Forum of Accounting Standard Setters) (dark green) Image

04 Sep 2015

As part of a series of meetings of international standard-setters, the International Forum of Accounting Standard Setters (IFASS) will meet in London on 29 and 30 September 2015. The IFASS secretariat has kindly allowed us to inform our readers about the agenda for the meeting.

The agenda is summarised below:

Tuesday, 29 September 2015 (13:30-17:15)

  • Opening remarks
  • Global IFRS issues - presentation with question and answer session including EC Review of the IAS Regulation
  • Reports from regional groups: AOSSG, EFRAG, GLASS, PAFA
  • IPSASB matters:
    • Social policy benefits obligations
    • Strategy, governance and technical issues update
  • Administrative matters:
    • Assessment of last meeting
    • Technical issues
    • Process and timetable for election of new Chairman


Wednesday, 30 September 2015 (08:30-17:15)

  • Discussion of IASB work and research programmes - question and answer session based on presentations at WSS meeting
  • Report back on member project - Goodwill impairment and amortisation
  • IFRS implementation issues
  • Overview of proposals to revise financial statement presentation for not-for-profit organisations (FASB)
  • Topical issues
    • Core inventories
    • Reporting frameworks in accordance with U.K. GAAP
    • Types of reporting frameworks (other than IFRS) used by entities raising capital in non-traditional markets
  • New member projects
    • The statement of cash flows – issues for financial institutions
    • Reporting income and expenses in profit or loss or OCI
    • Use of financial information by investors – preliminary results of academic research
  • Wrap up

A report from meeting will be made available in due course; the report from the last IFASS meeting (spring 2015, Dubai) is available here.

The IFASS meeting will be preceded by the World Standard-setters meeting (28-29 September 2015) and followed by a meeting of the Accounting Standards Advisory Forum (1-2 October 2015).

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