Report on the autumn 2023 IFASS meeting
21 Nov, 2023
A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in London and by remote participation on 26 and 27 September 2023.
As reported earlier, among the topics discussed at the meeting were the XRB research on intangibles and climate-related risks in the financial statements.
The full list of topics discussed at the meeting was:
- Climate-related risks in the financial statements (AASB, UKEB, and IASB)
- Cash flow reporting (AcSB and EFRAG)
- INPAG – Exposure Draft 2 presentation (CIPFA)
- IPSASB update (IPSASB)
- Accounting for carbon offsets and credits (AcSB and GLASS)
- Panel discussion on jurisdictional perspectives on PIR IFRS 15 (AOSSG, GLASS, OIC, PAFA, XRB, and IASB)
- NZ research - Meeting users' needs, recognition and disclosure of intangibles (XRB)
- Hyperinflation (GLASS)
- Connectivity between financial and sustainability reporting (UKEB)
- Panel discussion on the ISSB consultation on agenda priorities and perspectives on interoperability (ASCG, EFRAG, ISSB, KSSB, FRC, and SSBJ)
- Presentation on sustainability reporting matters (OECD)
- Panel discussion on sustainability reporting implementation issues, capacity building, and implementation guidance (EFRAG, ICAI , XRB, PAFA, UK Department for Business and Trade, and AASB)
The next meeting will be held on 17-19 April 2024 in Seoul.
Please click for the full report from the meeting.
