Representatives of the of the Accounting Standards Board and the Organismo Italiano di Contabilità met in Toronto

Representatives of the Canadian Accounting Standards Board (AcSB) and the Organismo Italiano di Contabilità (OIC) met on 20 June 2018 in Toronto, Canada. OIC President of the International Accounting Committee, Alberto Giussani and AcSB Chair, Linda Mezon participated in the meeting, joined by members of the OIC and AcSB staffs.

At this meeting, the AcSB and the OIC both provided updates on their respective activities. As for technical topics, the AcSB and the OIC had an exchange of views on implementation activities regarding the standards on financial instruments, revenue and leases, technical issues on IFRS 17 and the IASB’s current project on Rate-regulated Activities. In addition, the AcSB and the OIC discussed two projects of individual interest, specifically, Relevance of Performance Measures and Business Combinations under Common Control.

Please find attached the press release.