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:
International Accounting Standards Board issues narrow-scope amendments to pension accounting
Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) specifies how companies determine pension expenses when changes to a defined benefit pension plan occur. The document is available here.
Nick Anderson: Financial reporting remains core to the investment process
Board member and former investor Nick Anderson discusses how the financial statements help investors and responds to criticism of today’s financial reporting. Click here to read the article.
First technical discussion of the Transition Resource Group for Insurance Contracts
The Transition Resource Group (TRG) for Insurance Contracts, set up to support implementation of the new insurance contracts Standard, IFRS 17 Insurance Contracts, had its first face-to-face meeting in London. Find out more here. Click here for the meeting summary and podcast.
Supporting implementation of IFRS 17 – video
Watch our short video explaining three ways the IFRS Foundation supports implementation of IFRS 17 Insurance Contracts.
IFRS Foundation appoints Lee White as Executive Director
The Trustees of the IFRS Foundation appointed Lee White as the IFRS Foundation’s Executive Director, in charge of the organisation’s day-to-day operations. Click here to find out more.
Panel debate—Hong Kong and IFRS Standards: past, present and future
In conjunction with the IFRS Foundation Trustees meeting in Hong Kong, the IFRS Foundation and the Hong Kong Institute of Certified Public Accountants organised a stakeholder event for companies, investors, regulators and others with an interest in financial reporting in Hong Kong. You can watch the panel discussion here and on our YouTube channel.
Webinar: Business Combinations under Common Control—recording now available
A recording of the live webinar explaining the scope of the Business Combinations under Common Control project can be accessed here.