IASB Update June 2019

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 forth in the Due Process Handbook of the IFRS Foundation and the IFRS Interpretation Committee. 

The Board met on Monday 17 June until Wednesday 19 June 2019 at the IFRS Foundation's offices in London.

The topics, in order of discussion, were:

  • Primary Financial Statements
  • Rate-regulated Activities
  • Goodwill and Impairment
  • SME Standard review and update
  • Financial Instruments with Characteristics of Equity
  • Business Combinations under Common Control
  • Implementation Matters - Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) 

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

Click here to access the IASB June 2019 Update on the IFRS site.