IFRS projects — Updated in the last 3 months | Deloitte CFR


The following projects were updated in the last three months:

Title Description Last step Date Added
Amendments to the Classification and Measurement of Financial Instruments (Proposed Amendments to IFRS 9 and IFRS 7) [ED] The objective of this project is to make narrow scope amendments to clarify the requirements for assessing a financial asset’s contractual cash flow characteristics Exposure draft Mar 31, 2024
Business Combinations – Disclosures, Goodwill and Impairment (Possible Amendments to IFRS 3 and IAS 36) [ED] This project examines whether companies can, at a reasonable cost, provide investors with more useful information about the business combinations those companies make Research Mar 31, 2024
Climate-related and Other Uncertainties in the Financial Statements [Research] The purpose of this project is to explore whether and how financial statements can better communicate information about climate-related risks. Mar 31, 2024
Disclosure initiative — Primary Financial Statements [Completed] The Primary Financial Statements project examines possible changes to the structure and content of the primary financial statements. Apr 30, 2024
Equity Method (Possible amendments to IAS 28) [Research] The IASB is undertaking research to assess whether application problems with the equity method as set out in IAS 28, Investments in Associates and Joint Ventures, can be addressed in consolidated and individual financial statements by identifying and explaining the principles of IAS 28 Research Mar 31, 2024
Financial Instruments with Characteristics of Equity (Potential Amendments to IAS 32) [ED] This is currently a joint research project with the FASB to address issues related to the guidance in IAS 32, Financial Instruments: Presentation, which distinguishes between asset and liability instruments (non-equity instruments) and equity instruments. Exposure draft Mar 31, 2024
IFRS Accounting Taxonomy Update — Amendments to IAS 12, IAS 21, IAS 7 and IFRS 7 [Completed] When the International Accounting Standards Board (IASB) issues new IFRS Accounting Standards or amendments to existing IFRS Accounting Standards, it also updates the IFRS Accounting Taxonomy to reflect new or amended presentation and disclosure requirements. These updates ensure that the IFRS Accounting Taxonomy accurately reflects IFRS Accounting Standards. Mar 31, 2024
Intangible Assets [Research] In the Third Agenda Consultation, stakeholders highlighted deficiencies in the reporting of intangible assets. Respondents raised matters relating to all aspects of IAS 38 Intangible Assets, including its scope, its recognition and measurement requirements (including the difference in the accounting for acquired and internally generated intangible assets), and the adequacy of the information companies are required to disclose about intangible assets. Apr 30, 2024
Management Commentary (Wider corporate reporting) [ED] This purpose of this project is to revise and update the “Management Commentary Practice Statement” issued in 2010. Exposure draft Mar 31, 2024
Power Purchase Agreements - Proposed amendments to IFRS 9 and IFRS 7 [ED] Power Purchase Agreements - Proposed amendments to IFRS 9 and IFRS 7 May 31, 2024

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