IFRS publishes November IASB podcast
Released 21 November 2018
The International Financial Reporting Standards (IFRS) Foundation has published the November 2018 International Accounting Standards Board (IASB) podcast.
This month’s podcast provides a summary of the most recent IASB meeting as well as other key developments, including a broad overview of the IFRS 17 Insurance Contracts discussion that took place during the November meeting and the rationale behind the IASB’s unanimous decision to propose a one-year deferral to the effective date of the Standard. The podcast further covers the associated temporary exemption for insurance companies from applying IFRS 9 Financial Instruments and the thought process behind it, and a summary of the IASB’s discussion on the Primary Financial Statements project and whether or not an earnings before interest, tax, depreciation and amortisation (EBITDA) like figure should be required. Other topics raised during the podcast are the objectives of management commentary and the guidance supporting these objectives, the classification of liabilities in relation to IAS 1, the Rate-regulated Activities project and the accounting model being developed for activities subject to ‘defined rate regulation’, implementation issues the IFRS Interpretations Committee is considering and the reasons why the IASB decided not to add a project on cryptocurrencies to its work plan.
For more information and to view the podcast, see November IASB podcast now available.