Representatives of EFFAS, ACIIA, EFRAG, ABAF and the IASB gathered on June 25, 2014, around a round table discussion on recent developments in relation to International Financial Reporting Standards (IFRS).
The high level roundtable on 25 June was moderated by Hans Buysse, member of the EFFAS Executive Management Committee, and featured our Chairman, Jesús López Zaballos, Hans Hoogervorst, Chairman of the IASB; Ugo Bassi, Director of Capital and Companies at DG Internal Markt, European Commission; Gérard de la Martinière former EFRAG Supervisory Board Member and author of a French report on long-term financing and Françoise Flores, EFRAG Chairman. The event was held contemporaneously with the EFFAS and ACIIA (Association of Certified International Investment Analysts) Annual General Meeting and attendees therefore included representatives of investor organisations from across the world, as well as IASB Board Member Philippe Danjou and EFFAS Financial Accounting Commission Chairman Javier de Frutos.
The roundtable discussed the current use of financial reporting by investors, the interaction between financial reporting and long-term investing, giving directions for and assessing financial reporting standards, confidence in financial reporting and investor influence on standard-setting.
The topics discussed were:
• financial reporting and long-term investment
• financial reporting post the financial crisis
• the role of financial reporting in financial stability and economic growth
• investors’ involvement in the development of IFRS
• investors’ confidence in financial reporting
