Agenda for the December 2018 ASAF meeting

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20 Nov 2018

The International Accounting Standards Board (IASB) has released an agenda for the meeting of the Accounting Standards Advisory Forum (ASAF), which is to be held at the IASB's offices in London on 6 and 7 December 2018.

The agenda for the meeting is sum­marised below:

Thursday, 6 December 2018 (10:30-17:00)

  • Signing of memorandum of understanding
  • Financial Instruments with characteristics of equity
    • Discuss outreach performed in various jurisdictions.
  • Business combinations under common control (BCUCC)
    • ASAF will be asked to provide their views on application of the current value approach to all BCUCC.
  • Pension benefits that depend on asset returns
    • Overview of research project and ASAF will be asked to provide their views.
  • IFRS 17 Insurance Contracts
    • Discuss topics address in the IASB’s October 2018 meeting.

Friday, 7 December 2018 (9:00-15:45)

  • Management commentary
    • Update will be provided and ASAF will be asked for their views on applying materiality and priniciples for preparing management commentary.
  • Goodwill and impairment
    • Summary of feedback received from the CMAC and GPF meeting and ASAF will be asked for their advice on the disclosure objectives and requirements.
  • Update and agenda planning for April 2019 meeting.
  • Better communication – primary financial statements
    • Discussion on the tentative proposals to be included in the consultation document for the primary financial statements project.

Agenda papers for the meeting are available on the IASB's website.

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