Report on the autumn 2018 IFASS meeting
06 Dec, 2018
A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in London on 2 and 3 October 2018.
As reported earlier, the meeting saw a lively discussion on the European Commission (EC) consultation document 'Fitness Check on the EU Framework for Public Reporting by Companies'.
The IFASS members also discussed:
- BCUCC: Hong Kong's and Italy's experience with the predecessor method
- Hybrid Pension Plans
- Accounting for stamp duty and other costs relating to PPE acquired in business combination
- Public sector accounting / IPSASB update
- Drawing a conceptual line between accounting policies and accounting estimates
- Meeting of the NFP working group
- IFRS 17 Implementation
- Administrative matters
- Extractive industries
- New IFRS Standards: Improvements and outcomes
- IASB DP on financial instruments with characteristics of equity
- Management commentary: The FRCs approach
- Towards a framework for reporting performance measures
The next meeting of the IFASS will take place in Argentina in March 2019.
Please click for the full report from the meeting.
