Disclosure Initiative – Primary Financial Statements - International Accounting Standards Board
At its meeting on July 18-21, 2022, the IASB met to redeliberate the proposals in its Exposure Draft relating to: (i) entities with specified main business activities; (ii) disclosures relating to operating expenses by nature; and (iii) unusual income and expenses. Following a discussion, the Board made a number of tentative conclusions with respect to items (i) and (ii). With respect to item (iii) the Board was not asked to make any decisions. The IASB will continue to redeliberate the project proposals at future meetings.
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