International Accounting Standards Board (Board) Chair Hans Hoogervorst and Vice-Chair Sue Lloyd join Education Director Matt Tilling for the June podcast about the Board’s recent discussions and activities.
Recorded in Amsterdam, during the IFRS Foundation’s annual European conference, 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. Hans also summarises the Board’s discussion about its Rate-regulated Activities project.
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 talks about the latest developments on the proposed minor amendments to IFRS 9 in relation to prepayable financial assets with so-called negative compensation.