Developments of interest this week are outlined.
ROI
- IAASA has this week published an Information Note setting out how companies have accounted for leases under IFRS 16 – Leases, the new leases accounting standard.
UK
International
- On 30 October 2020, the International Accounting Standards Board (IASB) and European Accounting Association (EAA) held a virtual research seminar for academics related to the IASB’s Discussion Paper 'Business Combinations — Disclosures, Goodwill and Impairment' and relevant academic literature. A recording of the event is now available.
- At the thirty-seventh session of the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) this week, Erkki Liikanen, Chairman of the IFRS Foundation Trustees, introduced the Trustees' consultation paper that was published in September to assess demand for global sustainability standards and what role the Foundation might play in the development of such standards.