Report on the autumn 2020 IFASS meeting
27 Nov 2020
A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held by remote participation on 30 September and 1 October 2020.
As reported earlier, among the topics discussed at the meeting were intangibles and the going concern assumption.
The full list of topics discussed at the meeting was:
- Issues surrounding separate financial statements
- Presentations by Brazil, Italy, and Korea
- Primary financial statements
- Presentations by EFRAG and Korea on the IASB exposure draft
- Cryptoassets
- EFRAG discussion paper on the accounting for cryptoassets
- Intangibles
- Joint paper by Canada, Germany, Japan, UK and US
- Going Concern
- Presentations by Australia and New Zealand
- International financial reporting for non-profit organisations
- IPSASB update
- Fintech application and accounting standards
- Presentation by Taiwan
- Impact of COVID-19 in Sri Lanka
- Presentation by Sri Lanka
The next meeting is to be held on 8-9 March 2021; it will also be held by remote participation.
Please click for the full report from the meeting.
