IASB video on proposed reduced disclosure IFRS
Oct 14, 2021
On October 14, 2021, the International Accounting Standards Board (IASB) posted a video hosted by IASB Board Member Jianqiao Lu which provides an overview of the exposure draft (ED), "Subsidiaries without Public Accountability: Disclosures".
On July 26, 2021, the IASB issued the ED that would permit eligible subsidiaries that are small and medium-sized entities (SMEs) to apply IFRSs but with reduced disclosure requirements. Comments on the ED are due by January 31, 2022.
Review the press release on the IASB’s website.
