The registration is open to interested companies and stakeholders. 

A summary of the agenda is set out below:

For more information, including on how to register, please see the event page on the EC website.

The 2022 update indicates that there has been only limited movement in the various practices among the sample of IFIs reviewed. The financial reporting frameworks applied by the IFIs continue to vary, with IFRS Accounting Standards being applied by the majority.

It was also observed that in some financial statements that adopted FAS (the accounting standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)), IFRS Accounting Standards were typically applied for transactions that are not accommodated by FAS. However, the reverse was not noted for financial statements that asserted compliance with IFRS Accounting Standards. The study concludes:

This helps demonstrate that IFRS Accounting Standards as global financial reporting standards are generally able to accommodate a wide range of transactions including those related to Islamic finance.

Please click for access to the study on the AOSSG website.

A summary of the agenda is set out below:

Agenda papers for the meeting are available on the IFRS Foundation website.

The purpose of the workshop is to obtain feedback from academics on some of the proposals in the exposure draft and to discuss relevant academic evidence.

Please click for more information and registration on the EAA website.

The topics discussed at the meeting included:

• General IASB and IFRS Interpretations Committee update
  • Update on climate-related and other uncertainties in the financial statements
  • Update on Business combinations — Disclosures, goodwill and impairment
  • Other IASB update
  • IFRS Interpretations Committee update
• Financial instruments with characteristics of equity
• ISSB update
  • Update on recent deliberations and discussions of the ISSB

For more information, see the meeting summary on the IFRS Foundation website.

The full agenda for the meeting is summarised below.

The topics discussed at the meeting included:

• IASB and ISSB update
• Financial Instruments with Characteristics of Equity
• Post-Implementation Review of IFRS 9 — Impairment

The meeting summary is available on the IFRS Foundation’s website.

The report focuses on IFRS Accounting Standards and does not consider sustainability reporting standards such as the European Sustainability Reporting Standards (ESRSs) or standards issued by the International Sustainability Standards Board (ISSB).

According to the report, minor amendments in the following areas would have positive implications for financial stability:

• The application of the materiality principle in IAS 1 may need to be enhanced, as even if the transaction involved is immaterial in quantitative terms, user expectations or peer practice may justify information on it
• The addition of climate factors to the list of indicators of impairment of non-financial assets in IAS 36
• How provisions and contingent liabilities should be recognised according to IAS 37 in view of climate-related risks
• Additional disclosure requirements, examples and guidance on how climate-related risks should be incorporated into the estimation of expected credit losses and the fair value of financial instruments.

In addition, the ESRB recommends that the IASB prioritise the work on pollutant pricing mechanisms. This project is currently on the IASB's reserve list.

For access to the full report, please see the ESRB website.

The IFRS Accounting Standards 2024 — Issued publication contains the Standards as approved by the International Accounting Standards Board for issue up to 31 December 2023. These Standards include changes that are not yet required at 1 January 2024. The IFRS Accounting Standards 2024 — Issued Annotated includes the same content as IFRS Accounting Standards 2024, but with additional annotations containing extensive cross-references, explanatory notes and IFRS Interpretations Committee agenda decisions.

The books are available in electronic format to IFRS Digital subscribers through the IFRS Accounting Standards Navigator. Printed copies of the books are available for sale through the IFRS Foundation's web shop.

The podcast is hosted by IFRS IC Chair and IASB member Bruce Mackenzie. Topics discussed include two finalised agenda decisions about climate-related commitments (IAS 37) and payments contingent on continued employment during handover periods (IFRS 3).

The IASB has also published a short video that explains how the IFRS IC helps maintain and support consistent application of IFRSs, what happens when the IFRS IC receives an application question; and how it works with the International Accounting Standards Board (IASB).

Please click to access the podcast and the video via the press release on the IFRS Foundation website.