IASB Podcast: revised Conceptual Framework for Financial Reporting

May 09, 2018

Hans Hoogervorst and Sue Lloyd, Chair and Vice-Chair of the International Accounting Standards Board (Board), provide an update on the April IASB meeting of the Board and other recent developments.

Hans gives a summary of what’s new in the revised Conceptual Framework for Financial Reporting, which was issued at the end of March. He also covers the Board’s discussions about the projects on Primary Financial Statements and Goodwill and Impairment. Sue summarises the discussion on the definition of ‘material’, which focused on the feedback received to the consultation on proposed amendments that was published last year, and updates on the work to develop an accounting model for business combinations between companies that are owned by the same parent company.

You can listen to the podcast on their podcast page. The podcasts are also available on iTunesPlayer FM and YouTube.

Source: IFRS