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Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 – International Accounting Standards Board

Date recorded:

At its meeting on April 21-23, 2020, the IASB discussed the findings from the first phase of the Post-implementation Review and decided to proceed with the Post-implementation Review and publish a Request for Information. The Request for Information will focus on:

  • In relation to IFRS 10: (i) power over an investee; (ii) the link between power and returns, with a focus on identifying agency relationships; (iii) accounting requirements, with a focus on changes in ownership interests; and (iv) the investment entity consolidation exception;
  • In relation to IFRS 11: (i) collaboration arrangements outside the scope of IFRS 11; (ii) the classification of joint arrangements as joint operations based on other facts and circumstances; and (iii) accounting requirements, with a focus on joint operations;
  • In relation to IFRS 12, the quality of information an entity provides and whether and how well the disclosure objectives are met by an entity applying the requirements. The Board also decided the Post-implementation Review would not cover the interaction of IFRS 10, IFRS 11 and IFRS 12 with other IFRS Standards.

At a future meeting, the Board will discuss related due process steps.

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

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