At its meeting on October 25-28, 2021, the IASB decided that, while developing its work plan for 2022 to 2026 as part of the Third Agenda Consultation, it will consider topics arising from the PIR of IFRS 10, IFRS 11 and IFRS 12, including:

1. topics that are of high priority: (i) investment entities—subsidiaries that are investment entities; and (ii) collaborative arrangements outside the scope of IFRS 11;
2. topics that are of medium priority: (i) investment entities—definition of an investment entity; and (ii) corporate wrappers; and
3. a low-priority topic: (i) transactions that change the relationship between an investor and an investee.

In addition, the Board will consider whether to take further action in relation to other topics identified from feedback on its Request for Information.

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

At its meeting on October 25-28, 2021, the IASB met to discuss feedback on its Exposure Draft. The Board was not asked to make any decisions. The Board will continue discussing feedback on the Exposure Draft at its next meeting.

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

At its meeting on October 25-28, 2021, the IASB met to continue its discussions on the Equity Method research project. The Board: (i) received an update on application questions within the scope of the project; and (ii) discussed the next steps for the project. The Board decided the staff should research the implications of differences between the principles in IAS 28, Investments in Associates and Joint Ventures, and those in other IFRS Standards relating to business combinations and consolidation before considering the application questions. At a future meeting the Board will review the research findings on differences between the principles in IAS 28 and those in other IFRS Standards relating to business combinations and consolidation. The Board will also discuss application questions within the scope of the project and consider whether other application questions should be included in the scope of the project.

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

At its meeting on October 25-28, 2021, the IASB met to redeliberate whether to develop proposals to enhance the disclosure objectives and requirements in IFRS 3, Business Combinations, in order to improve the information provided to users of financial statements about a business combination and its subsequent performance. The Board (a) discussed and made a tentative decision with respect to the conceptual considerations for location of certain disclosures; and (b) discussed the practical challenges related to forward-looking information. The Board will continue its redeliberations on its preliminary views on the package of disclosure requirements at future meetings, including whether not to proceed with some or all of the disclosure requirements for practical reasons.

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

At its meeting on October 25-28, 2021, the IASB met to redeliberate some of the proposals in its Exposure Draft relating to: (i) the classification and presentation of income and expenses from associates and joint ventures in the statement of profit or loss; (ii) the presentation of operating expenses in the statement of profit or loss and disclosure in the notes; and (iii) the operating profit or loss before depreciation and amortization subtotal. The Board made a number of tentative decisions in this regard. The Board 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 October 25-28, 2021, the IASB met to redeliberate the amendment to IFRS 17, Insurance Contracts, proposed in its Exposure Draft. The Board discussed and made tentative decisions with respect to: (i) the scope of the classification overlay; and (ii) other classification overlay matters relating to impairment and disclosures. All of the Board members confirmed they were satisfied the Board has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the amendment to IFRS 17. No Board member indicated an intention to dissent from issuing the amendment to IFRS 17.

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

At its meeting on October 25-28, 2021, the IASB discussed a sweep issue identified in drafting the exposure draft on supplier finance arrangements. The Board tentatively decided to add to the proposals a requirement for an entity to disclose, as at the beginning and end of the reporting period, the line items in the statement of financial position in which the entity presents financial liabilities that are part of each supplier finance arrangement.

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

At its meeting on October 25-28, 2021 the IASB met to discuss additional research findings and the future direction of the project. The Board decided to stop the research project. The Board will consider any further work on pension benefits as part of the Third Agenda Consultation. All of the Board members agreed with this decision.

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