September 2020

The Trustees of the IFRS Foundation have published a Consultation Paper to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards.

Hans Hoogervorst focused on the impact of the coronavirus pandemic on the Board's work as well as how the principle-based nature of IFRS Standards means companies may already need to reflect climate-related risks in their financial statements.

All eIFRS subscribers are being asked to complete a simple 20-minute survey and give their input on the current eIFRS site and possible new features.

Topics discussed during the Board's meeting on 22–23 September 2020 included Rate-regulated Activities, Management Commentary, and Business Combinations under Common Control. Find the Update here or listen to the podcast. The September 2020 IFRS Interpretations Committee Update is also available. Topics discussed included Sale and Leaseback of an Asset in a Single-Asset Entity.

This edition highlights recent activities and materials published to support the Request for Information on the review of the IFRS for SMEs Standard, including options for responding to the Request for Information and information on outreach events.

Recordings of the fourth and final webinar on the Exposure Draft General Presentation and Disclosures in English, Japanese and Korean have been published, as has a Portuguese webinar on the Request for Information Comprehensive Review of the IFRS for SMEs Standard.

The IASB Investor Update aims to make it easy for investors to keep up with changes in the world of IFRS Standards and how those changes may affect an investor's day job. In this edition, the spotlight is focused on Covid-19-Related Rent Concessions and Supply Chain Finance.