Joint IASB and FASB meeting
Released 29 July 2019
The International Accounting Standards Board and the Financial Accounting Standards Board held a joint meeting in July to discuss their joint projects.
The joint meeting was described as an ‘educational session’ and the two boards discussed a number of projects that either sides are considering:
•Segment Reporting – FASB;
–improving the quality of disclosures
–amortising goodwill as opposed to using an impairment-only model; and
–simplifying the impairment test.
•stakeholder feedback on respective activities supporting implementation of revenue recognition standards and lease standards.