Please find below a brief summary of news and events from the IFRS® Foundation over the
Emmanuel Faber appointed to lead the International Sustainability
Following November’s formation of the International Sustainability Standards Board
(ISSB), the IFRS Foundation Trustees have announced the appointment of Emmanuel Faber as the ISSB’s
inaugural chair. Faber has long championed the importance of sustainability
information to the global capital markets and its relevance to the investment
decision-making process and will officially take up the chairmanship on 1 January
On the topic of the ISSB, the Technical Readiness Working Group, which was
established to give the new board a running start in its standard-setting work,
published a webcast that includes a closer look at the TRWG's
role, an explanation of recommended architecture of standards, a deep dive into the
prototypes and a summary of other recommendations.
Speech: Connectivity, core work and convergence—what next for IFRS Accounting
International Accounting Standards Board Chair Andreas Barckow addressed delegates at
the AICPA and CIMA Conference on 7 December in Washington. He outlined the IASB’s immediate and future priorities, talked
about the growing importance of sustainability issues in financial reporting and
shared his views on convergence with the FASB.
IASB provides transition option to insurers applying IFRS 17
Consultation: Changes proposed to the IFRS Taxonomy’s technology
The proposed changes aim to reflect developments in the technology
that underlies or relates to the IFRS Taxonomy. They also consider variation in
standards and practices and will support the usage of the IFRS Taxonomy or
comparable taxonomies in different regulatory environments. These proposals are open
for comment until 3 January 2022.
IASB Update and December podcast available
Find out more about the discussions that took place between 14 and 16 December 2021
with the IASB Update and the monthly podcast. Topics include Primary Financial
Statements and Business Combinations Under Common Control. You can also catch up on
topics covered at the most recent meeting of the IFRS Interpretations Committee in
the November 2021 IFRIC Update.
IFRS Foundation announces appointments to the Capital Markets Advisory Committee from
The goal of this Research Forum is to stimulate interaction between academics and
non-academics, including standard-setters, investors, regulators, auditors and
preparers of financial statements, through discussion of evidence-based papers that
inform the standard-setting activities of the IASB. Read more about the topics for proposed papers.