February 2020

IASB Update February 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 on 25-27 February 2020 at the IFRS Foundation's offices in London.

The topics, in order of discussion, were:

Amendments to IFRS 17 Insurance Contracts
IBOR Reform and the Effects on Financial Reporting—Phase 2
Disclosure Initiative—Targeted Standards-level Review of Disclosures
Disclosure Initiative—Accounting Policies
Maintenance and consistent application
Business Combinations under Common Control

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

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

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