Australian Government
Australian Accounting Standards Board
Monday, March 21, 2022
A roundtable will be held virtually on Tuesday, 5 April 2022 from 5.00 pm – 6.30 pm AEST for Australia academics to provide feedback directly to the European Financial Reporting Advisory Group (EFRAG) on its Discussion Paper titled ‘Better Information on Intangibles - Which Is the Best Way to Go?' The Discussion Paper presents different possible approaches to improve information on intangibles together with the related advantages and disadvantages.
The Discussion Paper focuses on information to be provided in the financial statements, including the notes, and in the management report, and considers information on intangible sources of possible economic benefits other than financial assets. The scope of ‘intangibles’ is thus broader than intangible assets and covers sources of possible economic benefits that would not be controlled by an entity. The Discussion Paper focuses on intangibles used in the entity’s operation. Constituents are consulted on the possible approaches including whether/how they should be combined.
The input from constituents is considered to be useful for the standard-setters when considering current and future proposals related to intangibles. Participants are welcome to provide feedback at the roundtable.
To ensure that all participants will have the opportunity to provide feedback, there is a limited number of seats available. Please register your interest via this this link by COB Friday 1 April 2022.