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Disclosure Initiative – Primary Financial Statements – International Accounting Standards Board

Date recorded:

At its meeting on September 25, 2019, the IASB met to discuss:

  1. how to present the Exposure Draft that on July 24, 2019 the Board instructed the staff to prepare for balloting; and
  2. the number of illustrative examples of statement(s) of financial performance that should be included in the Exposure Draft in order to illustrate the Board’s proposals.

The Board tentatively decided to:

  1. present the Exposure Draft as a [draft] new IFRS Standard rather than as amendments to IAS 1, Presentation of Financial Statements; and
  2. reduce to a handful the number of examples of the statement(s) of financial performance illustrating the Board’s proposals for subtotals.

The staff will continue to prepare the Exposure Draft for balloting.

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

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