The fourth and final webinar in this series will be held on 21 August 2020. It will explain the Board’s detailed proposals for management performance measures. The webinar will last approximately 60 minutes and will include a question-and-answer session. More information is available here.

For more in­for­ma­tion, see press release on the IASB's website.

The webinars will be hosted by IASB Board Member Darrel Scott and the IASB’s technical staff. Participates are allowed to submit question prior to the webinars.

For more information, see the press release on the IASB’s website.

Most of the 20 jurisdictions surveyed for the paper expressed the belief that IFRS 17 will contribute to financial stability through greater transparency as the current international accounting standards for insurance contracts permit a variety of approaches, which complicate comparison between insurers’ financial results. The paper states:

Overall, IFRS 17 is a welcome development. It is aimed at improving global comparability with respect to the structure of liability valuation and transparency in insurer balance sheets, thus benefiting policyholders, investors and, ultimately, financial stability.

Please click to access the paper on the BIS website.

Please click for more information and registration for the event on the EFRAG website.

For more information, see the press release on the IASB’s website.

The IASB issued amendments to IFRS 17 in June 2020 to address concerns and implementation challenges. Specifically, the webcast focuses on implementation issues related to the amendments related to (1) requirements other than transition and (2) transition requirements.

For more information, see the press release on the IASB’s website.

The podcast discusses:

• IBOR Reform and its effects on financial reporting — Phase 2;
• Disclosure initiative — Accounting policies;
• Management commentary;
• Extractive activities; and
• Maintenance and consistent application.

The podcast (8 minutes) can be accessed through the press release on the IASB website.

The detailed notes taken by Deloitte observers at the meeting are available here.

Among the proposals included in the consultation document was the suggestion that an EU standard-setter could be installed that would set European non-financial reporting standards. Only recently, the Commission tasked the European Financial Reporting Advisory Group (EFRAG) to undertake preparatory work for possible European standards on non-financial reporting.

While respondents to the consultation agreed that standardisation in the area would be beneficial, the idea of a Europe only solution met resistance. These comments are not reflected in the summary on the EC website. The only paragraph acknowledging that non-financial reporting is not solely a European issue notes that "the EU should cooperate with other major jurisdictions and non-EU investors to make sure that the EU standard is widely recognised".

Beyond the EC consultation, there have been repeated calls for international standard-setting in this area. More often that not, the IFRS Foundation is believed to be the right place to establish such a standard-setter (a parallel Board to the IASB). Most recently, the Eumedion Foundation published a position paper Towards a global, investor focused standard setter for corporate non-financial reporting.

Please see the press release on the IASB website for more information.