As reported earlier, among the topics discussed at the meeting was the UK endorsement of IFRSs post EU-exit.

The full list of topics discussed at the meeting was:

• Extractive activities
• UK developments:
  • Replacement of the FRC by ARGA
  • Proposals for endorsing IFRSs for the UK post-Brexit
• International financial reporting for non-profit organisations
• IPSASB update
• Government grant receivables and government grant income under IAS 40
• ESG and intangibles
  • KASB research
  • IASB proposals related to ESG and intangibles in the project on management commentary
• Connecting with stakeholders through use of technology
• Goodwill
  
  • FASB invitation to comment on identifiable intangible assets and subsequent accounting for goodwill
  • Issues identified during KASB and ASBJ research
• Application of IFRS 16 — Italian experiences
• Call for volunteers to assist in academic research

The meeting was the first under the new IFASS Chair Mr. Yasunobu Kawanishi (Accounting Standards Board of Japan, ASBJ).

The next meeting of the IFASS will take place in Washington on 6-7 April 2020.

Please click for the full report from the meeting.