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Divisions and committees
Accounting
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Accounting
The Accounting division represents members' views on the development and implementation of international accounting standards.
Overview
The division represents members' views on the development and implementation of the International Financial Reporting Standards (IFRS) to the International Accounting Standards Board (IASB) and other relevant standard-setting and regulatory bodies, such as the European Financial Reporting Advisory Group (EFRAG) and the European Commission.
The division also works on product control, corporate reporting, audit and other relevant issues, and arranges subject-specific working groups to take such matters forward.
Key Priorities
Development, endorsement and implementation of IFRS:
support work on the development of IFRS by submitting AFME’s views on the IASB’s research agenda, discussion papers and exposure drafts.
engage with EFRAG, the European Commission and the European Parliament in providing AFME’s views on the endorsement of new accounting standards.
provide a forum for members to discuss implementation issues related to new accounting standards and changes to existing accounting standards.
Engagement with European institutions:
Engage with European and international institutions with responsibilities in accounting matters (in particular the European Commission, the European Parliament, ESMA and EBA). Organise discussions on ongoing matters between members and representatives of European and international bodies.
Product Control and Valuation:
Provide a forum for members to exchange views on issues relating to valuation of financial instruments with the focus on Prudent Valuation.
Accounting/Prudential cross-over issues:
Closely collaborate with AFME’s prudential division in developing its views on the prudential implications of new accounting standards or changes to existing standards.
Response to a public consultation by the International Accounting Standards Board on Exposure Draft ED/2019/7 General Presentation and Disclosures
Contacts
Richard Middleton
Managing Director
[email protected]
+44 (0)20 3828 2709
Tonia Plakhotniuk
Associate Director
[email protected]
+44 (0)20 3828 2717
Consultation Responses
Briefing Notes
Consultation Responses
Briefing Notes
See all consultation responses
Consultation Responses
Response to a public consultation by the International Accounting Standards Board on Discussion Paper DP/2020/1 Business Combinations – Disclosures, Goodwill and Impairment
18 Dec 2020
Consultation Responses
Response to a public consultation by the International Accounting Standards Board on Exposure Draft ED/2019/7 General Presentation and Disclosures
2 Oct 2020
Consultation Responses
AFME response to a public consultation by the International Accounting Standards Board on Exposure Draft Interest Rate Benchmark Reform - Phase 2 Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16
27 May 2020
See all briefing notes
Briefing Notes
AFME briefing note on IFRS in the European Union
19 Jul 2018