Management Commentary – International Accounting Standards Board
At its meeting on October 22, 2019, the IASB met to discuss: (a) possible guidance on enhancing qualitative characteristics to be included in an Exposure Draft of a revised IFRS Practice Statement 1, Management Commentary; and (b) research and preliminary analysis to be used in developing possible guidance on the business model. With respect to (a), the Board made a number of tentative decisions at the meeting. With respect to (b), the Board discussed an overview of the staff’s research on the business model and the staff’s preliminary analysis of questions that the Board will need to consider in developing possible guidance on the business model. The Board was not asked to make any decisions in this regard and will discuss possible guidance on the business model at a future meeting.
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