IASB Update December 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 14–16 December 2020.
The topics, in order of discussion, were:
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Maintenance and consistent application (Agenda Paper 12)
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Second Comprehensive Review of the IFRS for SMEs Standard (Agenda Paper 30)
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Disclosure Initiative—Accounting Policies (Agenda Paper 20)
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Primary Financial Statements (Agenda Paper 21)
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Post-implementation Review of IFRS 9—Classification and Measurement (Agenda Paper 3)
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Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
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Financial Instruments with Characteristics of Equity (Agenda Paper 5)
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Pension Benefits that Vary with Asset Returns (Agenda Paper 6)