Primary Financial Statements – International Accounting Standards Board

Date recorded:

At its meeting on November 15-19, 2021, the IASB met to redeliberate some of the proposals in the Exposure Draft relating to management performance measures by: (i) continuing to discuss the definition of management performance measures, focusing on: (a) management’s view of an aspect of performance; and (b) public communications outside financial statements; and (ii) discussing the requirement for management performance measures to faithfully represent aspects of financial performance to users of financial statements. The Board made a number of tentative conclusions in respect of each item. The IASB will continue to redeliberate the project proposals at future meetings. 

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

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