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

Date recorded:

At its meeting on November 19, 2019, the IASB met to discuss items of information that could be used to meet the disclosure objectives the Board has tentatively decided on for IAS 19, Employee Benefits, and IFRS 13, Fair Value Measurement. The Board discussed and made tentative decisions with respect to (i) use of language considerations (Agenda Paper 11A); (ii) IAS 19 items of information for disclosure (Agenda Paper 11B); and (iii) IFRS 13 items of information for disclosure (Agenda Paper 11C).

At a future meeting, the Board will:

  1. further discuss items of information to meet the specific disclosure objective about understanding the expected future cash flows resulting from the defined benefit obligation and the nature of those cash flows;
  2. consider whether a separate disclosure objective, and items of information, should be included in IFRS 13 about understanding the effect of fair value measurements on the statement of financial performance;
  3. discuss a comparison of the Board’s tentative decisions about IAS 19 disclosure to the disclosure requirements in the Standard; and
  4. discuss lessons learned through the targeted standards-level review of disclosures testing process and resulting potential amendments to the Board’s draft guidance for developing and drafting disclosure objectives and requirements in future.

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

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