29 November 2019

November monthly news update

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:

IFRS Foundation appoints three new Trustees

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.

IFRS Standards and climate-related disclosures

Board member Nick Anderson explains how existing requirements within IFRS Standards relate to climate change risks and other emerging risks.

Speech: Hoogervorst on integrated standard-setting and non-financial reporting

Board Chair Hans Hoogevorst delivered the keynote address at the Eumedion Annual Symposium in Utrecht, Netherlands, early in November 2019. Read the English version or the original speech in Dutch.

Guide—How to select and apply accounting policies?

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.

IFRS Foundation announce appointments to the IFRS Advisory Council

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.

Monthly IASB podcast

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.

2019 IASB Research Forum: discussions now available online

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.

IFRS 17 podcast on November IASB meeting now available

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.

Standard-setters respond to investors' changing needs

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.

Join the IFRS Interpretations Committee

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.

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