Please find below a brief summary of news and events from the
International Accounting Standards Board (Board) and the IFRS® Foundation over the past
Sustainability reporting project: Purpose and progress of the
Technical Readiness Working Group
Watch this webcast explaining the role of the Technical
Readiness Working Group (TRWG), which was created by the IFRS Foundation’s Trustees
in March 2021 to do preparatory work for the proposed International Sustainability
Standards Board (ISSB).
Article: Business Combinations under Common Control—filling a gap in IFRS
Read this article published in the Australian Accounting
Review in which Board Member Ann Tarca explains the Board’s preliminary
views for accounting for business combinations under common control, an issue not
currently addressed in IFRS Standards.
Watch these supplementary videos on various current technical projects:
Compilation of Agenda Decisions—Volume 5 published
The Foundation’s fifth Compilation of Agenda Decisions brings together
agenda decisions published by the IFRS Interpretations Committee from April to
October 2021. The agenda decisions included in this compilation relate to IFRS 9
Financial Instruments, IFRS 16 Leases, IAS 2 Inventories,
IAS 10 Events after the Reporting Period, IAS 19 Employee Benefits and
IAS 32 Financial Instruments: Presentation. Also, listen to the latest IFRIC podcast, which covers topics such as
non-refundable VAT on lease payments and accounting for warrants that are financial
liabilities on initial recognition.
Join the IFRS Foundation—Customer Services Representatives