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Agenda for the upcoming IFASS meeting

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

14 Feb 2017

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

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