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IASB Meeting — 21–22 March 2018

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)


The IASB meets in London on Wednesday 21 and Thursday 22 March 2018. The Board will discuss seven projects.      


Disclosure Initiative

The Board continues its discussion of the feedback on the Principles of Disclosure Discussion Paper. The objective of this meeting is for the Board to make decisions about the next steps in the project. The staff have identified topics that they think are directly related to improving disclosures in financial statements, topics that they think are more relevant to the Primary Financial Statements project, topics that are unlikely to be contributing to the disclosure problems, those that can be dealt with separately from the main disclosure problem and topics that the DP did not address, but for which the Board received significant feedback.


Dynamic Risk Management [Macro-hedging]

The staff will discuss the role of the target profile within the Dynamic Risk Management accounting model.

Rate-regulated Activities

The Board is being asked to decide on the definition of defined rate regulation (which sets the scope for the eventual new Standard), and the criteria for recognising regulatory assets and regulatory liabilities.

Accounting Policies and Accounting Estimates

The Board will discuss a summary of the comments received on the exposure draft to clarify the definitions of an accounting policy and an accounting estimate.

IFRS 8 Operating Segments

The staff have considered whether the Board should bring the project to conclusion without moving forward on any of the proposed amendments, proceed with all of the proposals or, as they recommend, proceed with a (modified) sub-set of the proposals.

Post-implementation review of IFRS 13 'Fair Value Measurement'

The Board discussed a summary of feedback on its Request for Information and an academic review in January 2018. At this meeting the staff are recommending that the Board consider disclosure issues as part of the Principles of Disclosure project. In general, however, the feedback indicates that IFRS 13 is working as intended and the staff recommend that no changes to IFRS 13 be considered at this time.

Management Commentary

In November 2017 the IASB decided to update its Management Commentary Practice Statement. Last week the Board announced the creation of a consultative group to support the project. At this meeting the staff will give a presentation that sets out the approach they propose taking in updating the Practice Statement.


Agenda for the meeting

Wednesday 21 March 2018
  • Disclosure initiative: Principles of disclosures
    • Project next steps — prioritisation of Discussion Paper topics
    • Project next steps — the disclosure problem

Thursday 22 March 2018

  • Dynamic risk management
  • Rate-regulated activities:
    • Background and summary of decisions to date
    • Scope of the model
    • Recognition
  • Accounting policies and accounting estimates
  • IFRS 8 amendments:
    • Definition of the chief operating decision maker (CODM)
    • Linking IFRS 8 reportable segments with other parts of the annual reporting package
    • Aggregation criteria for segments
    • Additional disclosures, reconciliations and interim financial statements
  • Post-implementation review of IFRS 13 Fair Value Measurement:
    • Responding to the feedback
    • Detailed analysis of feedback received
    • Summary of the literature review
    • Prioritising level 1 inputs or the unit of account
    • Current level of convergence between IFRS 13 and FASB Topic 820
  • Management commentary practice statement (education session)

Agenda papers for this meeting are available on the IASB's website.

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