This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Report on the autumn 2019 IFASS meeting

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

27 Nov 2019

A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in London on 1 and 2 October 2019.

As reported earlier, among the topics discussed at the meeting was the UK endorsement of IFRSs post EU-exit.

The full list of topics discussed at the meeting was:

  • Extractive activities
  • UK developments:
    • Replacement of the FRC by ARGA
    • Proposals for endorsing IFRSs for the UK post-Brexit
  • International financial reporting for non-profit organisations
  • IPSASB update
  • Government grant receivables and government grant income under IAS 40
  • ESG and intangibles
    • KASB research
    • IASB proposals related to ESG and intangibles in the project on management commentary
  • Connecting with stakeholders through use of technology
  • Goodwill
    • FASB invitation to comment on identifiable intangible assets and subsequent accounting for goodwill
    • Issues identified during KASB and ASBJ research
  • Application of IFRS 16 — Italian experiences
  • Call for volunteers to assist in academic research

The meeting was the first under the new IFASS Chair Mr. Yasunobu Kawanishi (Accounting Standards Board of Japan, ASBJ).

The next meeting of the IFASS will take place in Washington on 6-7 April 2020.

Please click for the full report from the meeting.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.