April 2020

IASB Update April 2020

This IASB Update highlights preliminary decisions of the International Accounting Standards Board (Board). The Board's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the Due Process Handbook of the IFRS Foundation and the IFRS Interpretation Committee.

The Board met remotely on 21–23 April 2020.

The topics, in order of discussion, were as follows:

Amendments to IFRS 17 Insurance Contracts
Financial Instruments with Characteristics of Equity
Post-implementation Reviews of IFRS 10, IFRS 11 and IFRS 12
Maintenance and consistent application
Management Commentary
Review of the IFRS for SMEs Standard
Disclosure Initiative—Subsidiaries that are SMEs

Click here to access IASPlus for an overview which summarises the staff recommendations and Board decisions.

Click here to access the IASB April 2020 Update on the IFRS site.

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