Pre-meeting summaries for the April IASB meeting

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19 Apr 2017

The IASB will meet at its offices in London on 24 and 27 April 2017. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. For each topic to be discussed we summarise the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.

There are five topics on the agenda. One session will be held jointly with the FASB.

Monday 24 April

The meeting will start with a brief update on the strategy for supporting the implementation of the forthcoming IFRS 17 Insurance Contracts, including the objective of the Transition Resource Group the IASB plans to establish.

This will be followed by an education session addressing concerns expressed during the February meeting about some aspects of the Rate-regulated Activities project.

In the afternoon session the IASB will be joined by the FASB, by video, for an education session on the FASB’s Financial Performance Reporting project.

Thursday 27 April

The meeting continues on Thursday afternoon with some IFRS Implementation Issues and further discussions on a proposal to amend the definition of a business in IFRS 3 Business Combinations.

The implementation session will consider the Interpretation Committee’s tentative decision on fees included in the ‘10 per cent’ test for the purpose of derecognition; completing the amendments to IAS 19 and IFRIC 14; and analysing feedback on amendments to IFRS 3 and IFRS 11 for previously held interests.

The discussion of the definition of a business will focus on whether the screening test should be modified in light of comments received.

Our pre-meeting summaries are available on our April meeting note page and will be supplemented with our popular meeting notes after the meeting.

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