Representatives of the Canadian Accounting Standards Board (AcSB) and the Organismo Italiano di Contabilità (OIC) met on 15 July 2019 in Italy, Rome. OIC President of the Executive Board, Angelo Casò, 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 IASB’s current project on proposed amendments to IFRS 17 and on Rate-regulated Activities. In addition, the AcSB and the OIC discussed implementation activities regarding IFRS 16, Leases.

Please find attached the press release.