The ISSB also made decisions related to the proposed General Requirements Standard, interoperability with jurisdictional requirements, and future agenda priorities.

For more information, see the press release on the IFRS Foundation’s website and our Deloitte’s upcoming summaries on our meeting notes page.

The podcast is hosted by IFRS In­ter­pre­ta­tions Committee Chair and IASB member Bruce Mackenzie and Technical Staff member Patrina Buchanan and focuses on:

• Lessor forgiveness of lease payments.
• Special purpose acquisition companies — Accounting for warrants at acquisition.
• Multi-currency groups of insurance contracts.
• Non-current liabilities with covenants.

For more in­for­ma­tion, see the press release on the IFRS Foun­da­tion’s website.

The UKEB has established four standing advisory groups for Academics, Accounting Firms & Institutes, Investors and Preparers. These groups will input into the Board’s technical decision-making.

For more information, please visit the UKEB website.

The webinar, to be held on 8 November 2022, will include:

• Considerations for companies to enhance their report preparation, review and governance processes; 
• Tips for improving the usability and design of structured reports; 
• Common data quality issues to look out for; and  
• Recent changes to timetables and tagging requirements. 

The webinar will also cover the latest developments in UK XBRL taxonomies, the FCA’s experience with handling submissions and will include a live Q&A. 

To register to attend, and for more information, visit the FRC website.  Our news item on the recent Lab report is available here.

Update 18 November 2022 - the slides from the webinar are available on the FRC website.

The meeting will be open for duly registered observers from 08:10 to 9:00 (CET) on both days.

The Sustainability Reporting Board will discuss:

• ESRS S1: Own workforce
• ESRS E5 Resource and Circular Economy
• ESRS G1/G2: Governance

The agenda, public documents, and access to the webcast are available on the EFRAG website:

• Click here for 20 October
• Click here for 21 October

The cor­rec­tions relate to IFRS 17 Insurance Contracts.

Editorial cor­rec­tions do not change the meaning or ap­pli­ca­tion of pro­nounce­ments, but instead correct in­ad­ver­tent errors. The editorial cor­rec­tions can be viewed on the editorial cor­rec­tions page of the IASB's website.

In particular, the G20 discussed that “globally consistent data are needed in order to effectively address climate-related financial risks” and are looking “forward to the finalization of standards by the International Sustainability Standards Board (ISSB) in support of globally consistent, comparable and reliable climate-related financial disclosures, and its work beyond climate.” In addition, the G20 welcomes “the efforts to achieve interoperability across disclosure frameworks.”

For more information, see the G20 meeting summary on the G20’s website.

The objective of the event is to collect input from preparers, users and auditors on whether a selection of the IASB’s tentative decisions to change the proposals in the Exposure Draft General Presentation and Disclosures (‘the ED’) will function as intended and achieve the intended balance of costs and benefits. 

EFRAG has also released an educational session on the Primary Financial Statements project which presents an overview of EFRAG’s work on the project along with useful educational material to assist participants of the roundtable with their preparations.

Further details, including the programme, the educational session and details of how to register is available on the EFRAG website.

The agenda items to be discussed are as follows: 

• [Revised draft] Due Process Handbook
• Economic impact assessment of narrow-scope amendments – proposed approach
• Research Project on Intangibles – Draft Report, amended PIP and response to EFRAG
• Sustainability Standards-related Update
• IASB General Update

The meeting agenda and papers and details of how to register are available on the UKEB website. 

Update 27 October 2022 - a recording of the meeting is available on the UKEB website, here.

The meeting included discussions related to:

• IASB update — update on work plan and the IASB’s 22 active projects.
• ISSB work — progress towards the development of a global baseline of sustainability disclosures.
• IFRS for SMEs Accounting Standard consultation — the consultation to update the Standard.
• Primary Financial Statements — update on progress made and details on the main proposals.
• Feedback on the proposed IFRS Sustainability Disclosures Standards

In addition, video recordings of the meeting sessions are available on the WSS meeting page. For more information, see the summary on the IFRS Foundation’s website.