Fifty academics and practitioners, including standard-setters and regulators, came together for the 2019 IASB Research Forum in Short Hills, New Jersey, US, on 28 and 29 October, to discuss some of the latest research into financial reporting matters.
The Forum is organised annually by the IFRS Foundation in collaboration with an academic journal to create a platform for presentations and discussions of new accounting research of relevance to the International Accounting Standards Board’s work.
This year, the organising partner was the accounting journal of the International Accounting Section of the American Accounting Association, the Journal of International Accounting Research (JIAR). Four papers—by academics from Australia, Japan, New Zealand and the US—were presented at this year’s event. They covered earnings management under principles-based/rules-based accounting standards; the impact of IFRS 10 on consolidated financial reporting; corporate governance and the adoption of IFRS Standards in Peru; and capitalisation of intangible assets by firms in Japan that adopt IFRS Standards.
Each presentation was followed by responses from an academic and a standard-setter before a general discussion with the audience.
A panel discussion between an investor, a preparer and academics, entitled Would the reintroduction of amortization of goodwill be beneficial? was also held.
In addition, two case studies—on improved post-acquisition disclosures under IFRS 3 and the Board’s project on Primary Financial Statements—were discussed in breakout groups.
You can access audio recordings and slides from the presentations. Articles based on the presentations and discussions will be published in future editions of JIAR.
Call for 2020 papers
The IFRS Foundation is now—together with the organising partner for the 2020 Forum, Accounting and Business Research—calling for papers for next year’s event, which will take place at the Saïd Business School, University of Oxford, in November 2020.