Report from April 2024 IFASS meeting available
Report from April 2024 IFASS meeting available
A meeting of the International Forum of Accounting Standard Setters (IFASS) was held on 17-19 April 2024. A report with the key messages and points of discussion from the financial and sustainability reporting topics discussed at the meeting is now available.
Some of the financial and sustainability reporting topics presented and discussed were:
Some of the financial and sustainability reporting topics presented and discussed were:
- Accounting for environmental credits/carbon credits (Presentations by FASB and AcSB.)
- Intangibles and crypto assets (Presentations by UKEB and KAI.)
- Financial Instruments with Characteristics of Equity (Panel discussion moderated by ASCG with AcSB, AASB, CASC, KAI and OIC.)
- Digital Reporting (Presentations by XBRL International, ISSB, EFRAG and ARDF-Taiwan with moderated panel discussion.)
- Business Combinations—Disclosures, Goodwill and Impairment (Presentations by IASB, AcSB and ANC.)
- SR Developments and IFRS Sustainability Disclosures Standards Adoption (Presentations by ISSB and EFRAG.)
- Application of materiality in Sustainability Reporting (Panel discussion moderated by IFASS Chair with NZ XRB, DASC, CINIF, ISSB and SSBJ.)
- Updates by IASB, ISSB, IPSASB
- IFRS 18 Presentation and Disclosure in Financial Statements (Presentations by IASB.)