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Agenda for the December 2015 ASAF meeting

  • ASAF meeting (mid blue) Image

24 Nov 2015

The International Accounting Standards Board (IASB) has released an agenda for the meeting of the Accounting Standards Advisory Forum (ASAF), which is to be held at the IASB's offices in London on 7-8 December 2015.

The agenda for the meeting is summarised below:

Monday, 7 December 2015 (9:30-17:30)

  • AASB/KASB joint research project on IFRS implementation — Accounting judgments on terms of likelihood in IFRS: Korea and Australia
  • Disclosure initiative — Materiality practice statement
    • ASAF members’ preliminary views on the exposure draft
    • if and how ASAF members plan to implement the practice statement in their region
  • Conceptual Framework — recognition criteria in the Conceptual Framework
  • Post-employment benefits — possible approaches that might address the issue of hybrid plans
  • Goodwill and impairment — ASAF members’ views on the IASB’s initial discussions at its meetings in October 2015 and November 2015
  • Different effective dates of IFRS 9 and the new standard on insurance contracts
    • explanation of the overlay approach and request for ASAF members’ views on that approach
    • how ASAF members can support the project outreach


Tuesday, 8 December 2015 (9:00-15:00)

  • Business combinations under common control (BCUCC)
    • HKICPA paper on how BCUCC have been accounted for in Hong Kong and presentation on Hong Kong investor analysts' views on what information is useful when a BCUCC takes place
    • ASAF members’ views on how predecessor method should be applied when a BCUCC takes place
  • Role of post-implementation reviews — ASAF members' views on the PiR process, its benefits and possible improvements
  • Disclosure initiative — next steps
  • Equity Method — EFRAG is seeking the ASAF’s view on the proposed scope of the equity method project
  • Project updates and agenda planning
    • Primary financial statements
    • Changes in accounting policies

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

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