Pre-meeting summaries posted for the IASB's November meeting

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10 Nov, 2016

The International Accounting Standards Board (IASB) will meet at its offices in London on 14–16 November 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 14 November, the IASB will discuss topics raised by respondents and to consider what changes, if any, should be made to the final Practice Statement (‘PS’) related to its project on disclosure initiative: materiality.

On Tuesday 15 November, the IASB will discuss elements of the draft IFRS 17, Insurance Contracts, which include level of aggregation, experience adjustments, transition issues, mitigating financial risks reflected in insurance contracts, sweep issues, and effective date. In addition, the IASB will be provided with a summary of research work on primary financial statements and discuss IFRS implementation issues.

On Wednesday 16 November, the IASB will discuss its financial instruments with characteristics of equity project. Specifically, the IASB will receive a summary of discussions to date and discuss the exception of paragraphs 16A–16D of IAS 32. In addition, the IASB will discuss topics related its conceptual framework project, which include liability definition and support concepts as well as the effects of the proposed changes to the conceptual framework on preparers.

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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