The International Forum of Accounting Standard Setters (IFASS) will meet in Taipei on 2 and 3 March 2017. Major topics on the agenda are implementing "big" standards, IFASS support for consistent application, and research the standard-setters should address.
The meeting offers core sessions and, in addition, evening/late morning optional sessions dedicated to the presentation of activities that have already been presented at other forums.
The agenda is summarised below:
|
Thursday, 2 March 2017 (09:00-18:15)
- Opening remarks and objective of the meeting
- Implementing "big" standards
- Introduction
- Presentation: Implementing IFRS 15 and IFRS 16 in the US
- Group discussions
- Discussion of group conclusions
- Treatment of income tax on distribution of dividends
- IFASS strategy: support for consistent application
- Introduction
- Group discussions
- Discussion of group conclusions
- High Inflation
- Optional session: FRC’s triennial review of UK GAAP
- Optional session: EFRAG reserach on macro hedging
Friday, 3 March 2017 (08:15-16:30)
- Optional session: IFRS Taxonomy
- Optional session: IFRS adoption in Korea - 5 years experience and lessons
- Research: what should standard-setters address?
- Introduction
- An economic-based theory of financial reporting: Designing the balance sheet and the income statement to serve investors' need
- Evidence-based accounting research and standard setting
- Digital currencies
- The role and the future of OCI
- Conclusion
- Implementation: Case studies on IFRS 15 and IAS 37
- Introduction
- Group discussions
- Discussion of group conclusions
- Closing remarks
|
