The full agenda for the meeting is summarised below:

Agenda papers from this meeting are not yet available but will be made available on the IASB's website in due course.

The agenda for the meeting (as at 9 September 2013) is summarised below:

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

The agenda for the meeting is summarised below:

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

The Financial Institutions IFRS Conference will feature a keynote address by IASB Chairman Hans Hoogervorst and consist of panel discussions and technical break-out sessions held by IASB members, senior IASB technical staff, and other IFRS experts on IFRS 9, IFRS 10, IFRS 12, and current IASB projects (classification and measurement, impairment, macro hedge accounting, leases, and insurance contracts).

More information on the conference is available on the ICAEW website.

The beta version of this web app provides eIFRS Subscribers online and offline access to the Standards. Other related information—including news, the IASB Work Plan, project pages and meeting details—is available to non-subscribers.

More information and a link to the app are available on the IASB website.

In May 2013, EFRAG published a draft comment letter on ED/2013/5 and asked for its constituents to comment. EFRAG's final comment letter to the IASB contained constituent feedback, and officially disagreed with the interim project.

EFRAG notes in its comment letter that if the IASB proceeds to issue an interim standard based on the ED, that the standard must be strictly limited to an option for first-time adopters.

Please click for access to the final comment letter on the EFRAG website.

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Access to the new UK Accounting Plus and US GAAP Plus sites is free of charge for all users. You can easily switch between the global site and the UK or U.S. sites using the pull-down menu showing in the upper right corner of the site.

With the addition of the two new sites, the IAS Plus family now consists of four sites:

• IAS Plus Global site (www.iasplus.com/en) – a comprehensive resource on IFRS and global financial reporting, including the worldwide use and adoption of IFRS, other reporting frameworks, global reporting issues and more.
• IAS Plus in German (www.iasplus.com/de) – the content available on the IAS Plus Global site in German translation, plus information on financial reporting developments in Germany, Austria and Switzerland.
• UK Accounting Plus (www.ukaccountingplus.com) – dedicated resource for the United Kingdom.
• US GAAP Plus (www.usgaapplus.com) – dedicated resource for the United States.

We’ve also taken the opportunity to enhance the user experience for all our users, with new functionality, easier navigation and great new features across all sites.  We look forward to continuing to enhance our comprehensive coverage of financial reporting topics around the globe.

The proposed interim release contains additional taxonomy concepts that reflect new IFRSs and improvements to IFRSs published by the IASB and technical updates and corrections. It includes (1) amendments reflecting the recent IAS 36 narrow-scope amendments; (2) a structural update of taxonomy modularisation changes; and (3) a new documentation linkbase.

This interim release is part of an accelerated timeline for the release of the IFRS Taxonomy 2014. The final version is expected to be published in early 2014. 

The Exposure Draft IFRS Taxonomy 2013 Interim Release Package is open for comment until 11 November 2013.

The press release is available on the IASB website.

Mr Hoogervorst opened his speech with general comments on the relationship between the European Union, the IASB and IFRS. He acknowledged that Europe's decision to adopt IFRS "gave IFRS the credibility and critical mass it needed to become the single set of global accounting standards". He also noted that IFRS have benefited European markets in that transparency has been increased and costs of capital  for listed companies have decreased since adoption. Mr Hoogervorst also commended the EU for its thorough endorsement procedure and recognised that the EU adopting IFRS without significant adaptations speaks highly of the quality of IFRS. He went on to discuss the adoption of IFRS in other countries, mentioning the jurisdiction profiles recently released by the IFRS Foundation.

Mr Hoogervorst then provided an update on the remaining IASB-FASB convergence projects:

• Revenue recognition: A new standard is expected within the next 3 months.
• Leases: The contentious issue is putting lease contracts on the balance sheet.
• Impairment: The FASB and IASB agree that an expected loss model is needed but have trouble agreeing on the mechanics. Mr Hoogervorst explains "One reason why we find it difficult to come to a common answer is that an expected loss model inherently has a relatively high degree of subjectivity, because it deals with uncertain outcomes in the future. There is no straightforward answer on how this can be done." He also confident that progress will be made at the September joint board meeting.
• Insurance contracts: The IASB's recent exposure draft is a step toward the ultimate goal of creating a more realistic view of the true performance of the insurance industry. Mr Hoogervorst cited the EIOPA's recent concern that some insurance companies will not be able to meet their capital requirements because of persistent low interest rates on the industry. There is concern that the ambiguity in current insurance reporting may keep this potential crisis from being fully exposed. 

After a brief excursion on the Conceptual Framework Discussion Paper, Mr Hoogervorst went on to discuss the importance of improving financial reporting disclosures — developing more concise, understandable and helpful documentation. He also mentioned the 10-point plan he presented in June 2013 to improve disclosures in financial reporting.

Please click for access to the full text of the speech on the IASB website.