OFFICIAL November 19, 2020 Latest NewsAASB Action Alert The Action Alert for the 178th AASB Board Meeting held on 11-12 November 2020 is now available. The Board made key decisions in relation to:
AASB Work Program Update The AASB work program has been updated to reflect the decisions made at the November Board meeting. The work program is a reflection of the matters the AASB will consider over a period of time.
COVID-19 Resources The AASB has created a dedicated web page that houses various internal and external resources as they pertain to COVID-19 and its effects on the financial reporting process. The AASB has noted concerns about the impact of COVID-19 crisis on the operations of entities and has been liaising with other regulators to address any financial reporting requirements concerns in a coordinated way.
Join us online this year for the 2020 AASB Virtual Research Forum, featuring IASB Board member Ann Tarca. Proudly supported by UNSW. We are just a few weeks away from our big event, and hope you will join us for what promises to be an intriguing day of presentations about some of the industry's most pressing issues. Register below now. International NewsThe IFRS Foundation Trustees The IFRS Foundation Trustees:
International Accounting Standards Board (IASB) The IASB has:
International Public Sector Accounting Standards Board (IPSASB) The IPSASB welcomed the Public Interest Committee’s recently released final Report: Review of the Oversight Arrangements for the International Public Sector Accounting Standards Board, addressing global feedback on the current arrangements and activities of the Committee.
International Integrated Reporting Council (IIRC) KPMG published their seventh annual survey of corporate reporting trends in Australia on 10 November 2020, which is particularly interesting in light of the impact of COVID-19 and the push from regulators and investors for enhanced reporting disclosures on climate and pre/non-financial risks. The findings from this survey confirm the accelerated shift in companies towards integrated reporting and its ability to create more meaningful, qualitative reports.
European Financial Reporting Advisory Group (EFRAG) EFRAG has made available:
International Valuation Standards Council (IVSC) The IVSC Standards Review Board, together with the IVSC Business Valuation Board and the IVSC Tangible Assets Board (collectively the IVSC Technical Boards), have decided to publish an Agenda Consultation Invitation to Comment paper to consult with stakeholders and other interested parties on future topics to be included in any revisions to IVS. |