Report on the spring 2021 IFASS meeting
10 May, 2021
A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held by remote participation on 8 and 9 March 2021.
As reported earlier, among the topics discussed at the meeting were non-financial reporting and the IASB agenda consultation. In addition, IASB Chair Hans Hoogervorst gave a farewell speech to IFASS participants.
The full list of topics discussed at the meeting was:
- EFRAG initiative on non-financial reporting
- Overview of the current discussions at the EU level on sustainability reporting
- Disclosure initiative – Subsidiaries that are SMEs
- Introduction of the forthcoming proposals
- Going concern
- Presentations by Australia and New Zealand
- Issues surrounding separate financial statements
- Presentations by Brazil, India, Italy, and Korea
- Future of Corporate Reporting
- FRC discussion paper on the future of corporate reporting
- Post-implementation review of IFRS 10, IFRS 11 and IFRS 12
- Presentation by India
- International financial reporting for non-profit organisations
- Introduction to the IFR4NPO consultation paper issued in January 2021
- Agenda consultation
- Introduction to the main areas of the forthcoming request for information
- EFRAG presentation of its preliminary views on the IASB’s agenda consultation
- Business combinations under common control
- Introduction, break-out sessions, and plenary session
- Message from IASB Chair
The next meeting is to be held on 29-30 September 2021; it will also be held by remote participation.
Please click for the full report from the meeting.