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Summary of the joint CMAC/GPF June 2015 meeting

  • CMAC meeting (mid blue) Image

21 Aug 2015

The IASB has released a summary of the Capital Markets Advisory Committee (CMAC) joint meeting with the Global Preparers Forum (GPF), which was held in London on 11–12 June 2015.

The topics discussed at the meeting included:

  •  IASB Update 
  • Conceptual Framework
    • Reporting financial performance
    • Measurement
  • Provisions, Contingent Liabilities and Contingent Assets
    • About the research project
    • Recognition criteria
    • Measurement requirements
  • Pollutant Pricing Mechanisms
    • Recognising the allowances and obligation
    • Measuring the allowances
    • Reporting gains and losses
  • Disclosure Initiative
  • IFRS Interpretations Committee Update
    • Variable payments on purchase of PP&E and intangible assets
    • IFRIC 12 Service Concession Arrangements: variable payments by operator to grantor

The next GPF meeting will take place on 4 November 2015 and the next CMAC meeting will occur on 6 November 2015.

The full meeting summary is available on the IASB's website.

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