Report of the Emerging Economies Group May 2021
The Emerging Economies Group (EEG) was established in 2011 at the direction of the IFRS
Foundation Trustees, with the aim of enhancing the participation of emerging economies
in the development of IFRS Standards.
This Report provides a summary of the 20th EEG meeting, held via remote
participation, on 30 November–1 December 2020.
The EEG meeting was chaired by Tadeu Cendon, a member of the International Accounting
Standards Board (Board).
Topics included:
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Disclosure Initiative—Accounting Policies
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Disclosure Initiative—Subsidiaries that are SMEs
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Disclosure Initiative—Targeted Standards-level Review of Disclosures
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Applying IFRS Standards in 2020—Discussion on impact of covid-19
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Lack of Exchangeability—Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates
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Business Combinations—Disclosures, Goodwill and Impairment
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Update on IASB Activities; and
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Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities.
Access the report and previous reports.