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Disclosure initiative — Targeted Standards-level Review of Disclosures – International Accounting Standards Board

Date recorded:

At its meeting on July 22-25, 2019, the Board met to discuss amendments to the disclosure objectives in IAS 19, Employee Benefits. With respect to defined benefit plans, the Board discussed and made tentative conclusions with respect to:

  1. a high-level, catch-all disclosure objective;
  2. the inclusion of a number of specific disclosure objectives; and
  3. whether to include specific disclosure objectives to address the information needs of users of financial statements for certain information.

With respect to employee benefits other than defined benefit plans, the Board discussed and made tentative conclusions with respect to:

  1. a high-level, catch-all disclosure objective for defined contribution plans;
  2. disclosures in respect of multi-employer and group plans; and
  3. disclosures in respect of other employee benefits.

At a future meeting, the Board will discuss:

  1. items of information that could be used to meet the proposed disclosure objectives in IAS 19; and
  2. disclosure objectives in IFRS 13, Fair Value Measurement, and items of information that could be used to meet those objectives.

At the joint meeting with the FASB on July 23, 2019, the Boards also shared experiences and feedback from stakeholders on disclosure requirements for employee benefits and fair value measurement.

Review the IASB Update and podcast on the Board's Web site.

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