AASB & AFAANZ roundtable event

AASB and AFAANZ are holding a virtual roundtable on Tuesday, 5 April 2022 from 5.00-6.30 pm (AEST) for Australian academics to directly provide feedback to the European Financial Advisory Group (EFRAG) on its Discussion Paper titled ‘Better Information on Intangibles Which Is the Best Way to Go?’

If you are interested in attending the roundtable, please register via this link by COB Friday, 1 April 2022.  

This 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.