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Report on the autumn 2018 IFASS meeting

  • IFASS (International Forum of Accounting Standard Setters) (dark green) Image

06 Dec 2018

A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in London on 2 and 3 October 2018.

As reported earlier, the meeting saw a lively discussion on the European Commission (EC) consultation document 'Fitness Check on the EU Framework for Public Reporting by Companies'.

The IFASS members also discussed:

  • BCUCC: Hong Kong's and Italy's experience with the predecessor method
  • Hybrid Pension Plans
  • Accounting for stamp duty and other costs relating to PPE acquired in business combination
  • Public sector accounting / IPSASB update
  • Drawing a conceptual line between accounting policies and accounting estimates
  • Meeting of the NFP working group
  • IFRS 17 Implementation
  • Administrative matters
  • Extractive industries
  • New IFRS Standards: Improvements and outcomes
  • IASB DP on financial instruments with characteristics of equity
  • Management commentary: The FRCs approach
  • Towards a framework for reporting performance measures

The next meeting of the IFASS will take place in Argentina in March 2019.

Please click for the full report from the meeting.

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