May 2020

IASB Update May 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 20–21 May 2020.

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

Amendments to IFRS 17 Insurance Contracts
Management Commentary
Research programme update
Maintenance and consistent application
IBOR Reform and the Effects on Financial Reporting—Phase 2
Disclosure Initiative—Accounting Policies

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

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

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