The topics covered during the meeting were the following (numbers in brackets are references to the corresponding paragraphs of the summary):

• Conceptual Framework for Financial Reporting (1–14): ASAF members discussed the definition of a liability and supporting concepts as well as IASB staff recommendations for the approach to capital maintenance.
• Country-by-country reporting (15–19): Australia's AASB sought the views of ASAF members on proposals to improve the understandability of disclosures to comply with IAS 12 Income Tax.
• IFRS 13 Fair Value Measurement—Post -implementation Review (20–27): ASAF members discussed feedback from Phase 1 of the PIR of IFRS 13 and gave advice on next steps.
• Rate-regulated Activities (28–39): ASAF members considered whether the staff’s preliminary proposals for a new accounting model for rate-regulated activities addressed their previously expressed concerns about: (1) scope of the model, (2) interactions with other IFRS Standards and the Conceptual Framework, and (3) segregating identifiable rate adjustments from the overall changes in value of the regulatory licence/agreement.
• Disclosure Initiative (40–48): The IASB staff provided an update on the progress of a report that will provide examples of entities that have improved the way they communicate in their financial statements.
• Digital currency (49–58): A paper was introduced asking ASAF members for their views on whether and how the Board should address digital currency issues. After a discussion, the IASB decided to continue monitoring developments in this area.
• Financial Instruments with Characteristics of Equity (59–61): The IASB staff updated the ASAF members and asked for input on the Financial Instruments with Characteristics of Equity research project and its outreach.
• Insurance Contracts project (62–70): ASAF members were updated on IFRS 17 Insurance Contracts, including the IASB’s tentative decisions at its November 2016 meeting and the next steps for the publication of the new Standard, which is expected in March 2017. (Note: The expected date has by now been delayed to May 2017 as result of the January 2017 IASB meeting.)
• Update by ASAF members on activities (71): ASAF members gave an update on their activities.
• Project updates and agenda planning (72): ASAF members were updated on current IASB projects.

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