Report from the September 2023 IFASS meeting now available
Report from the September 2023 IFASS meeting now available
A meeting of the International Forum of Accounting Standard Setters (IFASS) was held on 26-27 September 2023.
The participants discussed the following topics during the meeting:
The participants discussed the following topics during the meeting:
- Climate-related risks in the financial statements (presentations by AASB, UKEB and IASB; and a break-out discussion on IASB project decisions);
- Cash flow reporting (presentations by AcSB and EFRAG);
- INPAG update – Exposure Draft 2 (presentation by CIPFA);
- IPSASB update (presentation by IPSASB);
- Accounting for carbon offsets and credits ((presentations by AcSB and GLASS);
- PIR IFRS 15 (a panel discussion involving AOSSG, GLASS, OIC, PAFA and NZ XRB);
- NZ research - Meeting users' needs, recognition and disclosure of intangibles (presentation by NZ XRB);
- Hyperinflation (presentation by GLASS);
- Connectivity between financial and sustainability reporting (presentation by UKEB);
- ISSB consultation on Agenda Priorities and perspectives on interoperability (a panel discussion involving DRSC, EFRAG, ISSB, KSSB, SSBJ and UK FRC);
- OECD presentation on sustainability reporting matters; and
- Sustainability reporting implementation issues, capacity building, and implementation guidance (a panel discussion involving EFRAG, ICAI, NZ XRB, PAFA, UK Department for Business and Trade and AASB).