7.0 IASB General Update

| Project type | Monitoring | | Type | Various | | Scope | Various | | Purpose of the paper | Monitoring
Various
This paper provides the Board with an update on projects the Secretariat is currently monitoring, including the work of the IFRS Interpretations Committee. In line with discussions with the Board, the Secretariat proactively monitors a range of projects being undertaken by the IASB and IFRS Interpretations Committee. This is undertaken to inform the Board about the progress and decisions being made by the IASB on active projects. The UKEB Chair and Technical Director also participate in various international standard setter meetings, including IASB's Accounting Standards Advisory Forum (ASAF), EFRAG's Consultative Forum of Standard Setters (CFSS), International Forum for Accounting Standard Setters (IFASS) and World Standard Setters (WSS), that contribute to the ongoing work of the IFRS Foundation. Discussion by the Board help inform those interactions and may identify specific concerns or areas of focus for future work. | | Summary of the issue | This paper provides the Board with with an update on projects the Secretariat is currently monitoring, including the work of the IFRS Interpretations Committee. In line with discussions with the Board, the Secretariat proactively monitors a range of projects being undertaken by the IASB and IFRS Interpretations Committee. This is undertaken to inform the Board about the progress and decisions being made by the IASB on active projects. The UKEB Chair and Technical Director also participate in various international standard setter meetings, including IASB's Accounting Standards Advisory Forum (ASAF), EFRAG's Consultative Forum of Standard Setters (CFSS), International Forum for Accounting Standard Setters (IFASS) and World Standard Setters (WSS), that contribute to the ongoing work of the IFRS Foundation. Discussion by the Board help inform those interactions and may identify specific concerns or areas of focus for future work.
The following IASB projects are discussed in this paper:

1. Contractual Cash Flow Characteristics of Financial Assets (Amendments to IFRS 9)
2. Post-implementation Review of IFRS 9 – Classification and Measurement
3. Post-implementation Review of Hedge Accounting – IFRS 9 and IFRS 16
4. Financial Instruments with Characteristics of Equity
5. Goodwill and Impairment
6. Primary Financial Statements
7. Equity Method
8. Rate Regulated Activities
9. Extractive Activities
10. IFRS Interpretations Committee

| | Decisions for the Board | The Board is not asked to make any decisions. However, Board members are asked for any questions or comments on the updates provided in this paper. | | Recommendations | N/A | | Recommendations | None | | Appendices | None
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