Please find below a brief summary of news and events from the
International Accounting Standards Board (Board) and the IFRS® Foundation over the past
Speech: Is there a path to global sustainability standards?
Erkki Liikanen, Chair of the IFRS Foundation Trustees, delivered a
keynote speech at CFA Institute’s Global Financial Regulatory
Symposium on 29 June 2021. He talked about the Foundation’s work
to meet the information needs of investors and other capital market participants by
creating a proposed new board that would develop a global baseline of
sustainability-related disclosures focused on enterprise value.
IFRS Foundation Trustees move forward in their sustainability work
Also in June, the Trustees announced the establishment of an Eminent Persons Group. Chaired by
Jean-Claude Trichet, this group will provide strategic advice and counsel to the
Trustees on the proposed new board and its connectivity with jurisdictional
All stakeholders are invited to a live webinar update on 7 July 2021 on the Trustees’
sustainability work. Register here.
Trustee meeting: summary and DPOC report available
The Trustees of the IFRS Foundation met virtually on 16 June 2021. Read the meeting summary as well as a report on the Due Process
Oversight Committee session.
Survey: Help the IFRS Foundation shape its future content strategy
June 2021 IASB podcast and IASB Update now available
In the June episode of our monthly IASB podcast, Hans Hoogervorst and Sue Lloyd, IASB
Chair and Vice-Chair respectively, talk about the Board’s discussions at the meeting
held virtually from 22 and 23 June 2021. Highlights include the addition of
narrow-scope amendment projects related to the initial application of IFRS 17
Insurance Contracts and IFRS 9 Financial Instruments; decisions
taken regarding scope in the Primary Financial Statements and Goodwill and
Impairment projects; and a farewell from Hans as he steps down at the end of his
term as IASB Chair. Read the Update from this meeting. Keep abreast of
discussions by the IFRS Interpretations Committee by reading its Update