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 (1-2): The ASAF members discussed topics for its next meeting to be held on 8–9 July 2024 and will include dis­cus­sions on Business Combinations — Disclosures, Goodwill and Impairment; Provisions — Targeted Improvements; Pollutant Pricing Mechanisms; and Intangible assets.
• Disclosure Initiative-Subsidiaries without Public Accountability: Disclosures (3–6): The ASAF were provided with a overview of the forthcoming IFRS Accounting Standard IFRS 19 and were updated on the IASB’s next steps after issuing the Subsidiaries Standard.
• Rate-regulated Activities (7–15): The purpose of the session was to update ASAF members on the redeliberations of the Exposure Draft Regulatory Assets and Regulatory Liabilities and provide comments on tentative decisions reached in Q3 and Q4 2023.
• Post-implementation Review of IFRS 9 — Impairment (16–28): The purpose of the session was to provide an overview of feedback on the post-implementation review of impairment requirements in IFRS 9 and the ASAF provided comments on the general approach to recognizing expected credit losses and determining significant increases in credit risk. In addition, the members provided views on the prevalence and significance in ASAF members’ jurisdictions of some application matters raised during the PIR.
• Amendments to the Classification and Measurement of Financial Instruments (29–37): The purpose of the session was to summarise the IASB’s tentative decisions responding to feedback on the Exposure Draft Amendments to the Classification and Measurement of Financial Instruments (the Exposure Draft). ASAF members were asked for their initial views on the IASB's tentative decisions.
• Post-implementation Review of IFRS 15 — Revenue from Contracts with Customers (38–46): The purpose of this session was to update members on the Post-implementation Review of IFRS 15 project and seek members’ views on the matters discussed by the IASB in January– March 2024.
• Climate-related and Other Uncertainties in the Financial Statements (47–55): The purpose of this session is to provide the ASAF members with an update on the project and discuss topics discussed at the IASB’s March 2024 meeting.
• EFRAG’s project on Variable Consideration (56–57): A summary of feedback received on the EFRAG’s Discussion Paper Accounting for variable consideration — From a purchaser’s perspective was presented.
• Financial Instruments with Characteristics of Equity (58–63): A summary of results of the EFRAG’s survey on the Exposure Draft Financial Instruments with Characteristics of Equity.

A full summary of the meeting is available on the IFRS Foun­da­tion website.