Andreas Barckow, Chair of the IASB, has appeared in a short video to remind stakeholders that IFRS 17 Insurance
Contracts applies to companies with annual reporting periods beginning on or
after 1 January 2023.
Post-implementation Review of IFRS 9─Classification and Measurement─feedback
The IASB has initiated a standard-setting project focused on a company’s assessment
of the contractual cash flow characteristics of financial assets with ESG-linked
features and on electronic cash transfers as settlement of a financial asset or
liability. An exposure draft will be published in Q1 of 2023.
He also spoke at EFRAG’s 21st anniversary conference, about the IASB’s
relationship with EFRAG over this time, and working together towards the common goal
to create a global passport in financial reporting for multinational companies.
Call for papers on hedge accounting requirements of financial instruments Accounting
The IASB and Accounting & Finance journal have announced a call for research papers on the application and impact of
hedge accounting requirements in IFRS 9 Financial Instruments and new
disclosure requirements in IFRS 7 Financial Instruments: Disclosures related
At that time, she also worked closely with the IASB and standard-setters around the
world as the Canadian representative on the Accounting Standards Advisory Forum. She
also participated in the IFRS Foundation’s annual World Standard-setters Conference
and the International Forum of Accounting Standard Setters.
Sustainability Standards Advisory Forum membership announced
The ISSB held a roundtable with representatives from Brazil,
Chile, Egypt, Indonesia, Kazakhstan, Kenya, Nigeria, Mexico, Pakistan, South Africa,
Sri Lanka, Uzbekistan and Zimbabwe, with written comments received from Thailand and
Papua New Guinea.
IFRS for SMEs Accounting Standard Update
The December 2022 Update includes frequently asked
questions on the proposals in the Exposure Draft Third Edition of the IFRS
for SMEs Accounting Standard; a list of newly available resources to support
the consultation; and guidance on how to get involved.