Agenda for the March 2022 IFASS meeting

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01 Mar, 2022

The International Forum of Accounting Standard Setters (IFASS) will meet on 7-8 March 2022. The meeting will be held virtually.

The full agenda for the meeting is summarised below.

Monday, 7 March 2022 (9:30–15:15)

  • Welcome and opening remarks including how IFASS will address sustainability-related reporting
  • Update on “Restoring trust in audit and cooperate governance”
    • Presentation by the FRC on the UK Government consultation
  • Separate financial statements
    • Presentation by the KASB and continuation of discussions from previous IFASS meetings
  • Non-current liabilities with covenants – Thoughts on the IASB exposure draft
    • Presentations by UKEB and MASB
  • Disclosure initiative — Targeted standard-level review of disclosures
    • Presentation by EFRAG on its field testing of the proposals in the IASB exposure draft
  • Supplier finance arrangements
    • Presentation by EFRAG
  • Review of the IFRS for SMEs
    • Presentation by the IASB
  • International financial reporting for non-profit organisations – IFR4NPO project update

Tuesday, 8 March 2022 (9:30-15:50)

  • Sustainability-related reporting items
    • Strategic level update on the ISSB work (ISSB)
    • Update on EFRAG Project Task Force on European sustainability reporting standards (ANC)
    • Sustainability-related reporting (AASB)
    • General update on sustainability related reporting project in a specific jurisdiction (KASB)
    • Discussions on all sustainability-related reporting presentations
  • PIR of IFRS 9 (classification and measurement)
    • Presentations by AASB, CASC, EFRAG, HKICPA, ICAI, and MASB
    • Break-out sessions
    • Plenary session with presentation of group discussions
  • Handover of official duties to the new IFASS Chair
  • Closing remarks

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