Pre-meeting summaries for the May IASB meeting

  • IASB meeting (blue) Image

08 May 2017

The IASB will meet at its offices in London on 16–17 May 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 six topics on the agenda.

Tuesday 16 May

The meeting will start with an education session (meaning that the IASB will not be asked to make any decisions) on Dynamic Risk Management. The staff will be explaining to the Board how net interest margin is managed, and the related financial reporting implications.

This will be followed a session on Rate-regulated Activities, focusing on the characteristics of the supplementary rights and obligations created by rate adjustment mechanisms.

The afternoon session begins with implementation issues. The IASB will be asked to ratify an Interpretation Uncertainty over Income Tax Treatments. The staff are also recommending that the IASB finalise an amendment to IAS 28 Investments in Associates and Joint Ventures to clarify that IFRS 9 applies to long-term interests in such investments. The proposal was included in the Exposure Draft Annual Improvements to IFRS Standards 2015–2017 Cycle published in January 2017.

They complete the day with updates on the implementation of IFRS 16 Leases and the Research Programme.

Wednesday 17 May

The meeting continues on Wednesday morning with a 90 minute education session on goodwill and impairment.

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

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