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Focus on intangible assets and cash flow statements announced but completion of current work plan will be a priority for the next two years to limit disruption for preparers.

December 2020: AFA-ACCA Joint Webinar on IFRS Standards in CLMV The ASEAN Federation of Accountants (AFA) and the Association of Chartered Certified Accountants (ACCA) jointly hosted a webinar on the implementation of IFRS Standards in Cambodia, Laos, Myanmar and Vietnam (CLMV). The webinar gave the four jurisdictions a platform to discuss and learn about key issues and opportunities in the implementation of IFRS Standards. Board Member Rika Suzuki participated in the webinar and outlined how the Board and the IFRS Foundation support the implementation journey. December 2020: JICPA Seminar...

General presentation and disclosures: ICAEW's point of view 22 December 2020: ICAEW has responded to the IASB’s Exposure Draft on General Presentation and Disclosures (Primary Financial Statements). What is our point of view? The International Accounting Standards Board (IASB) has proposed improvements to the way information is communicated in the financial statements, with a focus on financial performance.  The proposals are a response to investor demand and, if adopted, would require more comparable information and more transparency. Michael Stewart, Senior Ex...

Speech: IASB Chair’s virtual keynote in Japan Hans Hoogervorst, Chair of the International Accounting Standards Board (Board), delivered the keynote speech at a virtual seminar on IFRS Standards, organised by the Japanese Institute of Certified Public Accountants. He discussed the impact of covid-19 on the Board’s work, developments in IFRS Standards during his chairmanship and future challenges. Dear colleagues, dear friends—it is a pleasure to address this online conference, organised by my friends at the Japanese Institute of Certified Public Accountants, JICPA. In an ideal world I w...