Disclosure Initiative – Targeted Standards-level Review of Disclosures – International Accounting Standards Board

Date recorded:

At its meeting on October 18-20, 2022, the IASB met to decide what actions to take on the project based on the feedback on the Exposure Draft. The Board decided (i) to use the methods proposed in the Exposure Draft for developing disclosure requirements; (iii) to use a ‘middle-ground’ approach to drafting disclosure requirements; and (iii) to document the methods for developing disclosure requirements and the approach to drafting them (Guidance for the Board) and publish the document on the IFRS Foundation website. The IASB also decided not to proceed with any further work on the disclosure requirements in IFRS 13, Fair Value Measurement, and IAS 19, Employee Benefits. The IASB will publish the Guidance for the Board and a Project Summary.

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

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