Summary of the September 2022 ASAF meeting now available

  • ASAF meeting (mid blue) Image

08 Nov, 2022

The IASB staff have published a summary of the Accounting Standards Advisory Forum (ASAF) meeting held on 29 September 2022.

The topics covered during the meeting were the following (numbers in brackets are ref­er­ences to the cor­re­spond­ing para­graphs of the summary):

  • Agenda planning and feedback from previous ASAF meeting (1–3): The ASAF members discussed proposals for its next meeting on 8–9 December 2022.
  • Subsidiaries without public accountability: Disclosures (4–17): The ASAF members were updated on the Disclosure Initiative — Subsidiaries without Public Accountability: Disclosures project and provided views on (1) parent’s consolidated financial statements be ‘available for public use’, (2) disclosure requirements, and (3) structure.
  • Post-im­ple­men­ta­tion Review of IFRS 9 (18–23): The ASAF members provided views on applying the impairment requirements in IFRS 9 and decided which topics to include as part of the post-implementation review.
  • Rate-regulated activities (24–31): The ASAF members were provided an update on feedback to Exposure Draft Regulatory Assets and Regulatory Liabilities and expressed their views on the IASB’s tentative decisions on scope and total allowed compensation.
  • UKEB research on goodwill (32–35): The ASAF members presented with the UK Endorsement Board’s research on subsequent accounting for goodwill.

full summary of the meeting is available on the IASB's website.

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