IASB Update – October 25-28, 2021

Start date:

End date:

Location: London

On October 29, 2021, the International Accounting Standards Board (the Board) issued the Update summary of its meeting held on October 25-28, 2021.

The topics for discussion were:

Research and standard-setting

  • Pension Benefits that Depend on Asset Returns
  • Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities
  • Rate-regulated Activities
  • Equity Method
  • Goodwill and Impairment
  • Primary Financial Statements
  • Second Comprehensive Review of the IFRS for SMEs Standard

Maintenance and consistent application

  • Initial Application of IFRS 17 and IFRS 9—Comparative Information (Amendment to IFRS 17)
  • Maintenance and consistent application
  • Non-refundable Value Added Tax on Lease Payments (IFRS 16): Finalisation of agenda decision (Agenda Paper 12A)
  • Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition (IAS 32): Finalisation of agenda decision (Agenda Paper 12B)
  • Supplier Finance Arrangements: Sweep issue (Agenda Paper 12C)
  • IFRIC Update (Agenda Paper 12D)


  • IFRS Taxonomy Update—Initial Application of IFRS 17 and IFRS 9—Comparative Information (Agenda Paper 25)

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

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