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The Board discussed topics such as IFRS® Standards and its 2018-2019 performance report, among others.

At its recent meeting the Committee discussed the accounting for Contributions and Combinations, as well as results of a member survey.

The Board discussed Compilation Engagements and Reporting on Controls at a Service Organization. Additionally, the Board assessed its performance against targets in its Operating Plan.

The IASB has issued its Project Summary on the Disclosure Initiative–Principles of Disclosure project. Overall, the IASB decided that improving the way disclosure requirements are developed and drafted in IFRS Standards is the most effective way to help address the disclosure problem. Consequently, the IASB has decided to prioritise its Targeted Standards-level Review of Disclosure project.

The AASB is issuing an exposure draft on the revised quality management standards at the firm and engagement level, including engagement quality reviews. Register now for the webinar to learn about the proposals and how they will affect your current practice.

Are you a Canadian private enterprise, an advisor to one, or a user of private enterprises’ financial reports? Interested in the amendments to the accounting for retractable or mandatorily redeemable shares and other financial instruments? Watch an on-demand webinar on this topic, jointly presented with CPA Canada.

During a conference call, the AASB gave an update on its new Compilation Engagements standard. The Nominating and Governance Committee also briefed the Council on its recent activities. Read the full report for more information.

At its recent meeting, the Board discussed, reviewed, and made decisions on number of topics, including International Strategy, Government Not-for-Profit Strategy, and liability for contaminated sites. Read the summary for full details on what was discussed.

IFRS Foundation staff have issued a Project Summary that provides an overview of research considered by the IASB from 2014 to 2017 on Discount Rates in IFRS Standards. Outputs of this project consist of research findings and a summary listing matters that the IASB staff will consider in the future when developing recommendations for the IASB on present value measurement requirements.

Read this summary for an overview of the type of guidance in the Framework and to learn why all parities in financial reporting need get involved!