Please find below a brief summary of news and events from the International Accounting Standards Board (Board) and the IFRS® Foundation over the past month:
The IFRS Foundation recently appointed Alexsandro Broedel, Joanna Perry and Maria Theofilaktidis as new Trustees and three others were re-appointed. Read about the appointments.
Board member Nick Anderson explains how existing requirements within IFRS Standards relate to climate change risks and other emerging risks.
The IFRS Foundation has published a guide to help companies determine their accounting policies when preparing IFRS financial statements. Called Guide to Selecting and Applying Accounting Policies—IAS 8, it presents a three-step process to developing accounting policies. See the graphic and download the guide.
The Trustees of the IFRS Foundation, responsible for the oversight and governance of the Board, have confirmed the appointment of six new organisations and the reappointment of 12 organisations to the IFRS Advisory Council.
November's Board meeting focused on two projects that fall within the scope of the its work on Better Communication in Financial Reporting: Management Commentary and Disclosure Initiative—Targeted Standards-level Review of Disclosures. Listen as Chair Hans Hoogervorst and Board member Darrel Scott discuss these and other topics.
Fifty academics and practitioners, including standard-setters and regulators, gathered in New Jersey, US in late October to discuss some of the latest research into financial reporting matters. Browse the discussions.
In this recording covering the November 2019 Board meeting about Amendments to IFRS 17, Board member Nick Anderson gives an update about investors' view on the implementation of IFRS 17 Insurance Contracts, including highlights from a recent discussion at the CMAC meeting.
In conjunction with their meeting in New York in October, the IFRS Foundation Trustees also hosted a stakeholder event jointly organised with CFA Institute focusing on how financial reporting can remain relevant in a changing world. Read the article on the event.
The Trustees of the IFRS Foundation invite applications from suitable candidates to fill a new vacancy on the IFRS Interpretations Committee. Find out more about the role and how to apply.