Report on the spring 2023 IFASS meeting
19 Jun, 2023
A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in Norwalk and by remote participation on 19-21 April 2023.
As reported earlier, among the topics discussed was the connectivity between financial reporting and sustainability reporting — discussed by IASB/ISSB and discussed by AASB/UKEB/AcSB.
The full list of topics discussed at the meeting was:
- Presentation on connectivity (IASB, ISSB)
- IASB Update
- IFRS 9 Amendments to classification and measurement (IASB, break-out sessions)
- Public sector and not-for-profit updates (Australian NFP Financial Reporting Framework, CIPFA, IPSASB)
- Application of Malaysian Financial Reporting Standards to Islamic Social Finance Transactions
- Primary Financial Statements: Disaggregation of expenses (EFRAG, FASB, IASB)
- Australia's roadmap to sustainability reporting: climate-first approach (AASB)
- ISSB update
- ESRS update (EFRAG)
- GRI framework
- Sustainability reporting (CSSB, European Commission, KSSB, Sudanese Association of Chartered Accountants, XRB, ISSB)
- Connectivity between financial and sustainability reporting (AASB, AcSB, UKEB, EFRAG, FRC)
- Digital assets (AASB, AcSB, FASB)
- Jurisdictional financial reporting priorities and updates (AOSSG, PAFA, FRC, FASB, GLASS)
- Intangibles (AASB, EFRAG, GLASS, UKEB)
The next meeting will be held on 26-27 September 2023 in London.
Please click for the full report from the meeting.