September monthly news summary
Please find below a brief summary of news and events from the IFRS® Foundation over the past month:
New IASB members appointed
African ministers express support for ISSB’s work
African ministers have expressed support for the work of the International Sustainability Standards Board (ISSB) in a communiqué that has been published.
They also encourage the ISSB to work closely with African stakeholders and to provide strong advisory and capacity building support to achieve early adoption of the ISSB’s Standards in Africa.
IASB publishes proposals to update its Accounting Standard for small and medium-sized entities
Proposed updates to the IFRS for SMEs Accounting Standard are out for consultation. The proposed updates reflect improvements made to full IFRS Accounting Standards, while keeping the Standard suitable for small and medium-sized entities.
The deadline for comments on the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard is 7 March 2023.
IASB updates requirements to accounting for sale and leaseback transactions amending IFRS 16
Appointments to Sustainability Consultative Committee
Seven organisations and representatives have been appointed to the new Sustainability Consultative Committee. This follows the completion of the International Sustainability Standards Board’s appointments in August. The first meeting of this committee took place on 15 September.