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Pre-meeting summaries for the June IASB meeting

  • IASB meeting (blue) Image

17 Jun 2016

The International Accounting Standards Board (IASB) will meet at its offices in London on 20 and 22 June 2016. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. For each topic to be discussed we summarise the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.

On Monday 20 June the IASB will be joined by video by the FASB for a joint education session, their first joint meeting since September 2015. The focus of the sessions is their work on business combinations, following on from their respective post-implementation reviews of their converged standards. Both boards have projects focusing on the goodwill and intangible assets recognised in a business combination.

On Wednesday 22 June the IASB will discuss three topics. They will continue their consideration of comments on the Conceptual Framework exposure draft, focusing on profit or loss and other comprehensive income (OCI). They will also consider some matters that have emerged during the drafting of the new insurance contracts standard. Because they are being brought back after the staff were given permission to prepare the draft for review by the Board they are called sweep issues. And finally, they will consider a recommendation from the IFRS Interpretations Committee to make a minor amendment to IAS 12 Income Taxes.

Our pre-meeting summaries are available on our meeting note page and will sup­ple­ment them with our popular meeting notes after the meeting.

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