CAQ Releases IPTF Meeting Highlights
April 8, 2025
The Center for Audit Quality (CAQ) has posted to its Web site highlights of the November 19, 2024, meeting between the CAQ SEC
Regulations Committee’s International Practices Task Force (IPTF) and the SEC staff.
Topics discussed at the meeting included:
- The impact of adopting IFRS 18, Presentation and Disclosure of Financial Statements, on interim financial statements included in new registration statements.
- IFRS 18’s reconciliation requirements for foreign private issuers (FPIs).
- Considerations related to management-defined performance measures under IFRS 18.
- Basis of accounting for FPIs with oil- and gas-producing activities that apply IFRS® Accounting Standards and are subject to the disclosure requirements of ASC 932.
- Applicability of a change in capital structure to a stock split under SAB Topic 4.C.
The next IPTF meeting is scheduled for May 22, 2025.