Please find below a brief summary of news and events from the
International Accounting Standards Board (Board) and the IFRS® Foundation over the past
Andreas Barckow appointed as IASB Chair from July 2021
The IFRS Foundation Trustees recently announced the appointment of Andreas Barckow to serve as Chair of the Board,
effective July 2021. He will succeed Hans Hoogervorst, who completes his second
five-year term in June 2021.
Trustees announce appointments to the IFRS Advisory Council from 2021
The Trustees also confirmed the appointment and re-appointment of several
organisations and individuals to the IFRS Advisory Council, effective 1 January 2021.
IASB consults on possible new accounting requirements for mergers and acquisitions
within a group
The Board has launched a public consultation on possible new accounting requirements
for mergers and acquisitions involving companies within the same
group—business combinations under common control. The consultation
paper presents the Board's preliminary views with the aim to reduce diversity in
practice and to improve transparency and comparability in reporting these
IASB proposes amendment to its leases Standard to improve accounting for sale and
The Board has also proposed to amend IFRS 16 Leases by specifying how a company
measures the lease liability in a sale and leaseback transaction. The proposed
amendment would improve the sale and leaseback requirements already in IFRS 16 by
providing greater clarity for the company selling and leasing back an asset both at
the date of transaction and subsequently.
IASB begins Post-implementation Review of classification and measurement requirements
in IFRS 9
The Board has started its Post-implementation Review (PiR) of the classification and
measurement requirements in IFRS 9 Financial Instruments and has added the PIR as a
project to its work plan.
IASB Research Forum 2020: recordings and presentations now available
Seventy academics and practitioners, including standard-setters and regulators, came
together for the virtual IASB Research Forum 2020 to discuss the latest research
into financial reporting matters. Access the recordings and slides or find out more about the
call for papers for the 2021 edition of this event.
November and October IASB podcasts available
In the November 2020 episode of our monthly IASB podcast, Hans
Hoogervorst and Sue Lloyd, Chair and Vice-Chair of the Board, talk about the IASB's
annual joint education session with the US standard-setter FASB, current
Post-implementation Review projects, Management Commentary and Subsidiaries that are
SMEs. Find out more detail in the full IASB Update for November. Also, catch up on the
October episode, featuring Sue Lloyd and Technical Director
Nili Shah talking about the Board's upcoming Agenda Consultation.
Educational material: the effects of climate-related matters on financial statements
prepared applying IFRS Standards
Speech: Trustee Chair's keynote to UNCTAD on sustainability reporting
Chair of the IFRS Foundation Trustees Erkki Liikanen delivered the keynote speech at
the UNCTAD Intergovernmental Working Group of Experts on International Standards of
Accounting and Reporting, introducing the Trustees' Consultation Paper on Sustainability Reporting. Meanwhile,
three other Trustees hosted live webinars and moderated Q&A sessions on the same
topic—view the recordings here.
The IFRS Foundation proposes changes to the IFRS Taxonomy 2020 to support
high-quality tagging of information related to employee benefits
The IFRS Taxonomy 2020—Proposed Update 5General Improvements and Common Practice—IAS 19 Employee Benefits proposes
changes that aim to support the high-quality tagging of information disclosed about