Agenda for the April 2019 ASAF meeting

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06 Mar, 2019

The International Accounting Standards Board (IASB) has released an agenda for the meeting of the Accounting Standards Advisory Forum (ASAF), which is to be held at the IASB's offices in London on 1 and 2 April 2019.

The agenda for the meeting is sum­marised below:

Monday, 1 April 2019 (09:00-17:00)

  • Accounting treatment of ICOs and tokens in France
    • Overview of Autorité des normes comptables accounting regulation on ICO treatment and tokens in France.
  • Management commentary
    • Discuss the IASB staff’s proposed approach to specific topics in revising Practice Statement 1 Management Commentary.
  • IFRS 17 Insurance Contracts
    • Discuss tentative decisions made during IASB’s Board meetings on possible amendments to IFRS 17.
  • Onerous Contracts — Cost of Fulfilling a Contract (Proposed Amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets)
    • Provide preliminary views on the exposure draft.
  • Accounting Policy Changes (Proposed Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors)
    • Provide views on how to proceed with this project.
  • Provisions
    • Provide views on research to date and future of this project.

Tuesday, 2 April 2019 (9:00-16:15)

  • Application of IFRS Practice Statement 2: Making Materiality Judgements to reporting climate related and other emerging risk issues on financial statements
    • Summary will be provided and ASAF will be asked for their views on the application of IFRS Practice Statement 2 and similar recent development.
  • Improving the impairment testing model in IAS 36 Impairment of Assets
    •    Summary will be provided and ASAF will be asked for their views on the improving IAS 36 and recommendation in the Research Report.
  • Business Combinations under Common Control
    • Provide views on the accounting approach to business combination under common control between entities that are wholly owned by the controlling party.
  • SMEs that are subsidiaries
    • Members will be asked if the Board were to develop an IFRS Standard that permits a subsidiary of a parent entity that applies IFRS Standards to apply the recognition and measurement requirements of IFRS Standards and the disclosures requirements in the IFRS for SMEs Standard would application be permitted in your jurisdiction?
  • Disclosure Initiative: Targeted Standards-level review
    • Provide views on feedback received from outreach with users of financial statements.
  • IFRS Foundation – Due Process Handbook Review
    • Provide views on the IFRS Foundation Trustees’ tentative decisions to amend the Due Process Handbook. 
  • Agenda planning

For more information, see the agenda on the IASB's website.

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