IASB Update November 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 18 November 2020.
The topics, in order of discussion, were:
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Board work plan—Post-implementation Reviews and Agenda Consultation (Agenda Paper 8)
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Maintenance and consistent application (Agenda Papers 12–12A)
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Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
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Management Commentary (Agenda Paper 15)
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Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 (Agenda Paper 7)
In addition, the IASB held a remote joint meeting with the Financial
Accounting Standards Board (FASB) on 19 November 2020.
The topics, in order of discussion, were:
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Goodwill and Impairment
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Leases other than covid-19
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Covid-19
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Supply chain financing