The staff of the International Accounting Standards Board (IASB) have made available a summary of the discussions of the Accounting Standards Advisory Forum (ASAF) meeting held in London on 4-5 December 2014. The meeting saw discussion on the disclosure initiative, emissions trading schemes, rate-regulated activities, leases, post-employment benefits, dynamic risk accounting, the equity method of accounting, foreign currency translation, inflation accounting, insurance contracts, current projects and research, the 2015 agenda consultation, and the IASB’s agenda.