The last monthly podcast of 2018 features Hans Hoogervorst and Sue Lloyd, Chair and Vice-Chair of the International Accounting Standards Board, together with Technical Staff Member Matt Tilling. They discuss the December meeting of the Board and other developments, including IFRS 17 Insurance Contracts , Primary Financial Statements, IBOR Reform, Rate-regulated Activities and ASAF.
Darrel Scott, member of the International Accounting Standards Board, and Roberta Ravelli, technical staff, report on the discussion at the December 2018 meeting of the Board about IFRS 17 Insurance Contracts .
Vice-Chair and Member of the International Accounting Standards Board Sue Lloyd and Darrel Scott join Technical Staff member Matt Tilling to provide a summary of the November Board meeting. Topics include the IFRS 17 Insurance Contracts and exception from applying IFRS 9 Financial Instruments , the objectives of management commentary, the Rate-regulated Activities project and others.
IASB member Darrel Scott and technical staff member Andrea Pryde report on the discussion at the November 2018 meeting of the Board regarding IFRS 17 Insurance Contracts .
Chair and Vice-Chair of the International Accounting Standards Board (Board) Hans Hoogervorst and Sue Lloyd join technical staff member Matt Tilling in a new IASB podcast to discuss the new insurance contracts Standard, IFRS 17, goodwill accounting, Primary Financial Statements, possible amendments to the IASB's Practice Statement on making materiality judgements in relation to accounting policy disclosures, potential work on IAS 12 and the income tax Standard, which has come to the Board from t...
IASB member Darrel Scott and technical staff member Roberta Ravelli report on the discussion at the October 2018 meeting of the Board regarding IFRS 17 Insurance Contracts .
Chair of the International Accounting Standards Board Hans Hoogervorst and Vice-Chair Sue Lloyd join the IFRS Foundation’s Education Director Matt Tilling for the September podcast to discuss the Board meeting and other developments that have taken place this month. Topics include Primary Financial Statements, Dynamic Risk Management, the upcoming World Standard-setters Conference, the IFRS Trustees' meeting and the IFRS Advisory Council meeting.
The Transition Resource Group for IFRS 17 Insurance Contracts (TRG) held a meeting on 26–27 September 2018 at the London office of the IFRS Foundation. This podcast summarises the discussion.
IFRS Advisory Council Chair Joanna Perry joins IFRS Foundation’s Education Director Matt Tilling to provide a summary of the September Advisory Council meeting. Topics from this meeting include: the interplay between stakeholder engagement and timeliness and how to balance these with due process, comment letters and whether a more flexible approach would encourage appropriate feedback from a wider range of stakeholders and the future of talent and how the Foundation can attract it in the future.
In this month’s podcast, the IFRS Foundation’s Education Director Matt Tilling is joined by IASB Chair Hans Hoogervorst and Vice-Chair Sue Lloyd to provide a summary of the main discussions during the July Board meeting as well as other developments and events that have taken place this month. The technical topics discussed include: goodwill and impairment, rate-regulated activities, accounting for cryptocurrencies and others.
Recorded in Frankfurt, during the IFRS Foundation’s annual international conference, Vice-Chair of the International Accounting Standards Board Sue Lloyd joins the IFRS Foundation’s Education Director Matt Tilling for the June podcast about the Board’s recent discussions and activities. Sue provides an overview of the conference, the Board’s consultation on Financial Instruments with the Characteristics of Equity and a joint FASB and IASB education meeting. Other topics from the IASB June meetin...
IASB Chairman Hans Hoogervorst is joined by Vice-Chair Sue Lloyd and Education Director Matt Tilling to provide an update on the most recent IASB meeting and other developments. Projects raised in this podcast include Primary Financial Statements, Disclosure Initiative, Business Combinations under Common Control, Rate-regulated Activities, and Goodwill and Impairment.
The Transition Resource Group for IFRS 17 Insurance Contracts (TRG) held a meeting on 2 May 2018 at the London office of the IFRS Foundation. This podcast summarises the discussion.
Hans Hoogervorst and Sue Lloyd, Chair and Vice-Chair of the International Accounting Standards Board (Board), provide an update on the April meeting of the Board and other recent developments. Hans gives a summary of what’s new in the revised Conceptual Framework for Financial Reporting , which was issued at the end of March. He also covers the Board’s discussions about the projects on Primary Financial Statements and Goodwill and Impairment. Sue summarises the discussion on the definition of ‘m...
In the latest IASB podcast, Sue Lloyd talks disclosures and dynamic risk management and Darrel Scott discusses rate-regulation and management commentary, and the outcomes of recent key stakeholder group meetings. Other topics covered include the latest discussions about the work following post-implementation reviews of IFRS 13 and IFRS 8.
The IFRS Foundation’s Education Director Matt Tilling is joined by Chair of the International Accounting Standards Board (Board) Hans Hoogervorst and Board member Darrel Scott to provide a summary of the Board’s February 2018 meeting as well as other key developments. Topics discussed include: disclosures, rate-regulation, IFRS 17 implementation, cash flows, management performance measures and business combinations under common control.
In the first meeting podcast of the IFRS Advisory Council, Advisory Council Chair Joanna Perry joins Director of Education Matt Tilling to discuss the role of the advisory body and how its suggestions are addressed by the International Accounting Standards Board, as well as other developments.
Board member Darrel Scott joins staff member Hagit Keren to talk about the first technical meeting of the TRG. Topics discussed include: separation of insurance components, contract boundary, insurance acquisition cash flows, coverage units and other submissions received.
In the first podcast of 2018, Chair Hans Hoogervorst summarises the Board's discussions on the Primary Financial Statements project and reports on the progress of the Conceptual Framework . Vice-Chair Sue Lloyd provides an update on the Financial Instruments with Characteristics of Equity (FICE) project and the two further issues brought to the Board table from the IFRS Interpretations Committee this month. Also discussed: Feedback from the IFRS 13 Post-implementation Review and the Board’s ongo...
Chairman Hans Hoogervorst and Board member Amaro Gomes join Education Director Matt Tilling to talk about the latest Board discussions and take a look back at the highlights of 2017.
Hans Hoogervorst, Nick Anderson and Ann Tarca of the International Accounting Standards Board are joined by Education Director Matt Tilling to discuss recent events, such as the meeting of the IFRS Foundation Trustees in Brazil. They also discuss a new project added to the work plan, two possible approaches to accounting for dynamic risk management, how potential changes to IFRS 8 stem from the post-implementation review of the Standard, and how primary financial statements fit into a larger ini...
Board member Darrel Scott joins staff member Hagit Keren to talk about the first administrative meeting of the TRG. Topics discussed include: the purpose of the TRG, introduction to TRG members, process for submitting questions and future meetings.
Hans and Sue discuss events including the World Standard-setters Conference and meetings of the Accounting Standards Advisory Forum and the IFRS Advisory Council. They also discuss how the Board may improve the impairment model for goodwill and simplify the impairment testing that companies are required to do. They describe how the work on goodwill sprung out of the Post-implementation Review of the business combinations Standard, IFRS 3, and reflect on why goodwill and impairment is such a hot ...
Hans Hoogervorst and Sue Lloyd introduce new Board members and talk about the recently issued Materiality Practice Statement. They also provides updates on the Primary Financial Statements project, rate-regulated activities, business combinations under common control and dynamic risk management. There are further updates on the Conceptual Framework and current IFRS Interpretations Committee projects.
Hans and Sue provide an update on the latest developments on IFRS 17 Insurance Contracts , including the Financial Stability Board’s statement on the Standard. They also talk about some of the materials the IFRS Foundation is making available to help companies prepare for the implementation of the Standard and provide an overview of investor feedback on the new accounting requirements. Sue also talks about the Board’s lively discussion about the Materiality Practice Statement, the Board’s plans ...
Hans talks about the role conferences play in helping stakeholders implement new Standards. He also provides an overview of the Board’s June discussion on the Primary Financial Statement project and the potential introduction of new subtotals in the statement(s) of financial performance. Sue provides an overview of some of the Board’s implementation discussions, which included a potential amendment to IAS 8 regarding voluntary changes in accounting policies and the accounting for those. She also...
In this podcast, Sue provides an overview of implementation and maintenance activities discussed at the May Board meeting – including the IFRIC Interpretation on IAS 12 Income Taxes and an upcoming amendment to IAS 28 Investments in Associates and Joint Ventures . She also talks about the ongoing Post-implementation Review of IFRS 13, the fair value measurement Standard. Darrel provides an overview of IFRS 17, which was issued in May, before Sue summarises some of the other activity during the m...
Sue provides an update on the Board’s most recent discussions on its Rate-regulated Activities project. Hans summarises the Board’s discussions on the definition of a business and the proposed screening test. Also discussed are some of the implementation issues that have been referred to the Board by the IFRS Interpretations Committee and two education sessions.
Wider corporate reporting: Hans explains that the Board discussed the possibility of undertaking some work in this area that may entail updating the Practice Statement on Management Commentary; Primary Financial Statements: Hans outlines the call from investors for more line items and subtotals, and gives an overview of the scope of this project; and Financial Instruments with Characteristics of Equity: Sue explains what the Gamma approach is and that the Board expects to publish a Discussion Pa...
Feedback on the recent consultation on proposed changes to the definition of a business (IFRS 3); the Board’s discussions on how to account for rate-regulated activities; the comment period for the forthcoming proposed narrow-scope amendment to IFRS 9 regarding contracts with symmetric prepayment options; and the February ‘sweep issues discussion’ on the new insurance contracts Standard, following an external review of the draft Standard to ensure the wording is clear.
