ICAI Central Council members CA. Shiwaji Zaware and CA. Nihar Jambusaria attended the 15th meeting of Emerging Economic Group (EEG) of International Accounting Standards Board (IASB) from 14th-16th May 2018 in Kuala Lumpur, where discussion on topics such as IFRS 16, Leases, accounting for involuntary common infrastructure cost, digital currencies, accounting for micro, private and subsidiary entities and implementation of IFRS 9.
ICAI representatives presented on the implementation issues and highlighted the issues relating to lease standard and accounting for digital currencies. Later, IFRS Foundation Regional Workshop on IFRS 17, Insurance Contracts was also held on 17th May 2018.