The International Accounting Standards Board (IASB) will host its 2023 Research Forum in Paris on 2–3 November 2023. It will be held in conjunction with the academic journals Accounting in Europe and European Accounting Review to discuss accounting for intangible assets.
The Research Forum was announced at the IASB, Financial Accounting Standards Board (FASB) and The Accounting Review joint conference ‘Accounting for an Ever-Changing World,’ which was held in New York on 2–4 November 2022. The conference brought together practitioners, standard-setters and academics.
At the conference, Andreas Barckow, Chair of the IASB, and Rich Jones, Chair of the FASB, had a fireside chat, moderated by Mary Barth, Joan E. Horngren Professor of Accounting, Emerita, Stanford Graduate School of Business.
A key takeaway from the discussion was that the IASB wants researchers to give recommendations on the projects researchers look in to. This would provide a starting point for the IASB to explore the topic further.
The chat also covered projects the IASB and FASB currently have in progress, and the benefits of conducting post-implementation reviews of accounting standards once they have been in effect for a few years. Both chairs of the boards emphasised the important role academic evidence can play in the standard-setting process.
Academics also presented research papers on the topics of revenue, leases and financial instruments. An academic and a standard-setter provided comments on each research paper, followed by a discussion with the audience. The three topics were also discussed by panels of subject-matter experts representing auditors, investors and preparers.
Paul Munter, Acting Chief Accountant of the US Securities and Exchange Commission (SEC), also gave an address to attendees and answered their questions.