IASB and FASB, joint education meeting, part II

Climate-related issues and post-implementation reviews of revenue and lease standards

The IASB and the FASB met in October 2024 for the second time this year. This education meeting covered a number of different topics, including intangible assets, operating expenses and cash flow statements (all covered in the previous article in this month's World Accounting Report), and climate-related issues, which are covered below, together with an update on their post-implementation reviews (PIRs) of their revenue and lease standards.