21 December 2020
In this episode of the monthly IASB podcast, Hans Hoogervorst and Sue Lloyd, Chair and Vice-Chair of the International Accounting Standards Board (Board) respectively, talk about the Board’s discussions at the meeting held virtually from 14 to 16 December 2020. Topics included:
comments received during the recent consultation on Exposure Draft General Presentation and Disclosures, which is part of the Board’s project on Primary Financial Statements, and the RfI on the Comprehensive Review of the IFRS for SMEs Standard;
the approval of an agenda decision by the IFRS Interpretations Committee on Supply Chain Financing Arrangements—Reverse Factoring;
updates on the Subsidiaries that are SMEs and Financial Instruments with Characteristics of Equity (FICE) projects; and
project plans for the Post-implementation Review of the classification and measurement requirements in IFRS 9 Financial Instruments.
A full summary of the December Board meeting can be found in the IASB Update.