Disclosure Initiative – Primary Financial Statement – International Accounting Standards Board

Date recorded:

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.

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

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