International IFRS conference with panel on the future of global standards

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10 Jul 2015

On 25 June 2015, an international conference on the evaluation of the IAS Regulation was held in Riga, Latvia. It focused on potential impacts of the regulation on business development and globalisation. One of the panels, which featured Michel Prada, Chairman of the IFRS Foundation Trustees, Russ Golden, Chairman of the Financial Accounting Standards Board (FASB), and Yukio Ono, Chairman of the Accounting Standards Board of Japan (ASBJ) discussed "The future course of global quality standards. Are truly global standards achievable?".

On 19 June 2015, the European Commission published a final report on the evaluation of its Regulation on the application of International Financial Reporting Standards (IFRS). The conference on the impact of the findings featured in the report was organised by the Latvian Ministry of Finance within the framework of the Latvian Presidency of the Council of the European Union.

After an opening address, an introduction to the topic and a presentation of the main findings, the conference featured three panels:

  • Evaluation of the IAS Regulation
  • Implementation of the Maystadt Recommendations one year after the EFRAG reform
  • The future course of global quality standards. Are truly global standards achievable?

The Latvian Ministry of Finance has made recordings of the conference available on YouTube:

The conference programme offers an overview of all speakers and panelists.

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