The International Accounting Standards Board (the Board), in conjunction with the European Accounting Association (EAA) and the European Financial Reporting Advisory Group (EFRAG), will hold an EAA Financial Reporting Standards workshop on Friday 26 March 2021 at 12:00-14:00 (CET). The workshop will provide an overview of the Request for Information Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities, published by the Board in December 2020, and EFRAG’s summary of the initial input gathered from European constituents. The objective of a Post-implementation Review is to assess whether the Standards are working as intended by the Board. The purpose of the workshop is to obtain feedback on the matters included in the Request for Information and to discuss relevant academic evidence.
IFRS Foundation technical staff will present an overview of the Request for Information and related literature followed by a question and answer session with Board member Ann Tarca and IFRS Foundation staff. EFRAG’s perspectives will be conveyed by Technical Director Patricia McBride, and academic insights will be provided by Professor Niclas Hellman (Stockholm School of Economics). The workshop will be moderated by EAA President Thorsten Sellhorn.
EAA members and other interested accounting academics are cordially invited to attend the workshop and provide their views and perspectives to the presenters. In particular, academics are encouraged to bring to the workshop any research evidence (including non-English sources) that could be relevant to assessing the effects of, and issues related to, IFRS 10 (including the notion of control), IFRS 11 and IFRS 12 (consolidation-related disclosures).
If you are not available to participate, please do feel free to send such evidence to firstname.lastname@example.org. The workshop will be recorded and made available on the EAA Accounting Resources Center. The IASB has conducted a webinar on the topic in December 2020, which can be accessed here.