The International Accounting Standards Board (IASB) and The Institute of Chartered Accountants of Scotland (ICAS) are jointly hosting an event on 1 December 2015 to discuss the future of international financial reporting.
Speakers from the IASB will present the following key areas of their work:
- The agenda consultation exercise, which provides an opportunity for stakeholders to have their say on how the IASB prioritises and balances its work to deliver International Financial Reporting Standards (IFRS) for the world economy.
- The Conceptual Framework for Financial Reporting – the next steps on this important project.
Speakers from ICAS will then give their views on these projects, as well as presenting the results of new research, jointly funded by ICAS and EFRAG, on professional investors’ views of the decision-usefulness of financial reporting.
Speakers and panel members include:
- IASB – Ian Mackintosh, Sue Lloyd, Hugh Shields, Peter Clark
- Andrew Buchanan, Global Head of IFRS, BDO
- Mark Clatworthy, Professor of Accounting, University of Bristol
- Françoise Flores, TEG Chairman and CEO, European Financial Reporting Advisory Group (EFRAG)
- Liz Murrall, Director of Stewardship, Investment Association
- David Wood, Executive Director, Technical Policy and Practice Support, ICAS
- Stefano Zambon, Chair of Accounting and Business Economics, University of Ferrara
Topics for discussion include:
- Has the IASB correctly identified the right issues for the future?
- Is there anything missing from the agenda?
- Has the IASB struck the right balance between fundamental improvements to IFRS versus fine tuning the Standards to keep them fit for purpose?
- Can financial reporting be considered in isolation from wider corporate reporting initiatives?
- How will the revised Conceptual Framework drive changes in future?
- How can research help to shape the future of financial reporting?
Date: 1 December 2015
For more information and to register for the event, visit the ICAS website.