Disclosure Initiative – Primary Financial Statement – International Accounting Standards Board
At its meeting on May 23-27, 2022, the IASB met to redeliberate the proposals in its Exposure Draft relating to: (i) disclosing the tax effect and the effect on non-controlling interests of items in the reconciliation between a management performance measure and the most directly comparable total specified by IFRS Accounting Standards; (ii) defining and disclosing ‘unusual income and expenses’ in a single note and the structure of that note; and (iii) classifying income and expenses from associates and joint ventures accounted for using the equity method for entities with specified main business activities. The IASB made a number of tentative conclusions in respect of each topic. The IASB will continue to redeliberate the project proposals at future meetings.
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