At its meeting on May 24-27, 2021, the IASB met to discuss the Dynamic Risk Management project plan. The Board discussed a timetable for considering the main challenges identified during outreach. The Board was not asked to make any decisions. At future meetings, the Board will consider whether it can solve the main challenges identified during outreach, starting with how risk limits and the target profile relate to each other.

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

At its meeting on May 24-27, 2021, the IASB met to continue discussing potential refinements to its proposals for the disclosure of information about priority on liquidation. The Board discussed proposals to require two new types of disclosures, namely (i) disclosure of the nature and priority of claims against an entity; and (ii) disclosure of terms and conditions about priority on liquidation for particular financial instruments. (The requirements would, if finalized, be incorporated into IFRS 7, Financial Instruments: Disclosures.) The Board made tentative decisions in this regard and will continue its discussions on other topics included in the project plan discussed at its October 2019 meeting.

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

At its meeting on May 24-27, 2021, the IASB met to discuss feedback on its Discussion Paper relating to:

1. the effectiveness of the impairment test of cash-generating units containing goodwill;
2. subsequent accounting for goodwill;
3. simplifications to the impairment test of cash-generating units containing goodwill; and
4. other topics in the Discussion Paper.

The Board also discussed a review of academic literature on the topics in the Discussion Paper. The Board will begin redeliberating the preliminary views in the Discussion Paper at a future meeting.

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

At its meeting on May 24-27, 2021, the IASB met to redeliberate some of the proposals in the Exposure Draft relating to (i) subtotals and categories—financing category; and (ii) subtotals and categories—profit before financing and income tax. The Board made tentative decisions in this regard and will continue to redeliberate the project proposals at future meetings.

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

At its meeting on May 24-27, 2021, the IASB met to discuss feedback about one-time accounting mismatches and classification inconsistencies that may arise in the comparative information that insurance entities present on initial application of IFRS 17, Insurance Contracts and IFRS 9, Financial Instruments. The Board was not asked to make any decisions. At a future meeting, the Board will discuss whether to propose a narrow-scope amendment to IFRS 17 that would enable insurance entities to reduce such mismatches and inconsistencies.

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

At its meeting on May 24-27, 2021, the IASB met and discussed a summary of feedback on its Exposure Draft Lease Liability in a Sale and Leaseback. The Board was not asked to make any decisions.

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