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AcSB and OIC hold joint meeting

  • AcSB (Accounting Standards Board - Canada) Image
  • OIC (Italy Organismo Italiano di Contabilità) (lt blue) Image

04 Jul 2018

On 20 June 2018, the Canadian Accounting Standards Board (AcSB) and the Italian standard-setter Organismo Italiano di Contabilità (OIC) held a joint meeting in Toronto. The meeting was the first bilateral meeting between the two standard-setters.

In addition to giving updates on their respective standard-setting activities at the meeting, the two boards exchanged views on implementation activities regarding the standards on financial instruments, revenue, and leases, technical issues on IFRS 17 and the IASB’s current project on rate-regulated activities. In addition, the AcSB and the OIC discussed two projects of individual interest, specifically, relevance of performance measures and business combinations under common control.

For more information about the meeting, see the press release on the OIC website.

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