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  • Canada offers to host the ISSB headquarters

    29 Jul 2021

    On 26 July 2021, the Trustees of the IFRS Foundation held an additional meeting by video conference to review progress towards the proposed establishment of an International Sustainability Standards Board (ISSB) within the governance structure of the IFRS Foundation.

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  • July 2021 IASB meeting notes posted

    28 Jul 2021

    The IASB met on Tuesday 20 and Wednesday 21 July 2021 and had a joint education session with the FASB on Friday 23 July, both by video conference. The IASB has a break during August, with no scheduled public meetings. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • IASB proposes narrow-scope amendment to IFRS 17

    28 Jul 2021

    The International Accounting Standards Board (IASB) has published the exposure draft 'Initial Application of IFRS 17 and IFRS 9 — Comparative Information (Proposed amendment to IFRS 17)' that would enable companies to improve the usefulness of the comparative information presented on initial application of IFRS 17 and IFRS 9. The deadline for submitting comments is 27 September 2021.

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  • IASB proposes new reduced disclosure IFRS

    26 Jul 2021

    The International Accounting Standards Board (IASB) has published the exposure draft 'Subsidiaries without Public Accountability: Disclosures' that would permit eligible subsidiaries that are small and medium-sized entities (SMEs) to apply IFRSs but with reduced disclosure requirements. The deadline for submitting comments is 31 January 2022.

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  • Updated IASB work plan — Analysis (July 2021)

    24 Jul 2021

    Following the IASB's July 2021 meetings (including a joint meeting with the FASB), we have analysed the IASB work plan to see what changes have resulted from the meetings and other developments since the work plan was last revised in May 2021.

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  • Roadmap: Issuers Accounting for Debt (July 2021)

    published 29 Jul 2021

    This Roadmap provides an overview of the FASB’s authoritative guidance on the issuer’s accounting for debt arrangements (including convertible debt) as well as our insights into and interpretations of how to apply that guidance in practice.

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  • EFRAG endorsement status report 16 July 2021

    published 16 Jul 2021

    The endorsement status report has been updated to reflect the positive ARC vote on IFRS 17 'Insurance Contracts' (issued on 18 May 2017); including the amendments to IFRS 17 (issued on 25 June 2020).

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  • Deloitte comment letter on the proposed CSRD

    published 16 Jul 2021

    We support many of the proposals of the CSRD, including the development of EU Sustainability Reporting standards (ESRS) allowing for both international consistency and catering for EU needs and its legislative landscape. However, we note that issues at stake are global, investors and other stakeholders are often global, and many companies operate and source through global value chains. Therefore, similar to the G7 ministers of finance and central bank governors, we support a baseline global reporting standard for sustainability to be developed by the IFRS Foundation, which jurisdictions can further supplement.

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