There are two topics on the agenda:

• Approval for a shortened comment period for an exposure draft of proposed amendments to IAS 12 Income Taxes; and
• Due process review of the post-implementation review of the classification and measurement requirements of IFRS 9 Financial Instruments.

The amendments to IAS 12 relate to the new project the IASB added to its work programme last week, which aims to address concerns about the potential implications of the imminent implementation of the OECD Pillar Two rules on the accounting for income taxes. The IASB has tentatively decided to introduce:

• a temporary exception from accounting for deferred taxes arising from the implementation of the rules; and
• targeted disclosures requirements for affected companies.

The IASB expects to publish an exposure draft in January 2023.

Review the full agenda and papers for the meeting on the IASB's website.