After completing its discussions on the amendments to IFRS 17 Insurance
Contracts, the Board decided that the effective date of the Standard will be deferred to annual
reporting periods beginning on or after 1 January 2023. For more information on the
amendments, listen to the dedicated IFRS 17 podcast.
IASB consults on ways to help investors hold companies to account for acquisitions
and on goodwill accounting
The Board has published a Discussion Paper on possible improvements to the information
companies report about acquisitions of businesses to help investors assess how
successful those acquisitions have been.
March 2020 IASB Update and podcast
In this episode of our monthly IASB podcast, Board Vice-Chair Sue Lloyd talks through
three key projects discussed during the March 2020 Board meeting: IFRS 17,
Management Commentary and Rate-regulated Activities. Read the full IASB Update here.
Q&A 35.1 on transition to the IFRS for SMEs Standard published
Developed by the SME Implementation Group (SMEIG), the Board has published
guidance on the application of the IFRS for SMEs
Standard. The document responds to a question on the application
of the undue cost or effort exemption when measuring an investment property at fair
value on transition to the IFRS for SMEs Standard.
New appointment to the IFRS Interpretations Committee
The Trustees of the IFRS Foundation have appointed Jens Freiberg to the IFRS Interpretations Committee,
Summary of Brussels meeting of the Trustees and stakeholder event
Find out what took place at the February meeting of the IFRS Foundation Trustees and read more
about its stakeholder event, hosted jointly with the European Financial Reporting
Advisory Group (EFRAG) under the theme of 'Financial
reporting: remaining relevant in a changing environment'.
IFRS Foundation publishes IFRS Taxonomy 2020
The IFRS Taxonomy enables electronic reporting of financial information prepared in
accordance with IFRS Standards. Preparers can use the IFRS Taxonomy to tag
disclosures, making them easily accessible to investors who prefer to receive
financial information electronically. The updated IFRS Taxonomy is now available.
PFS Exposure Draft webinars available in various languages
Webinars were recently held in Chinese, Portuguese, Korean and Spanish to introduce
the Exposure Draft General Presentation and Disclosures, a
consultation document of the Primary Financial Statements Project. Recordings of
these live webinars are now available; each is approximately 45 minutes.