Pre-meeting summaries for the June 2023 IASB meeting

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16 Jun, 2023

The IASB will meet in London from 20-22 June 2023. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. We summarised the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.

The following topics are on the agenda:

Primary Financial Statements: The IASB will discuss issues related to categories and subtotals, and issues related to IAS 29 and IAS 12. The staff make specific recommendations as to how to revise some of the proposals in the ED.

Equity Method: The IASB will debate whether it should develop proposals on how an investor applies the equity method when an associate issues an equity-settled share-based payment or a share warrant, and how to, initially and subsequently, recognise and measure contingent consideration on acquisition of an investment in an associate applying IAS 28.

Disclosure Initiative: Subsidiaries without Public Accountability—Disclosures: The IASB will discuss feedback on proposed disclosure requirements in the Exposure Draft Third Edition of the IFRS for SMEs Accounting Standard (SMEs ED). The staff recommend that the IASB does not make further changes to the proposed disclosure requirements in the draft Standard based on comments received on the SMEs ED.

Rate-regulated Activities: The IASB will continue redeliberating the proposals in the Exposure Draft Regulatory Assets and Regulatory Liabilities, in particular proposals on the measurement basis, cash-flow-based measurement technique and estimating uncertain future cash flows.

Second Comprehensive Review of the IFRS for SMEs Accounting Standard: The IASB will discuss the feedback received from comment letters and outreach events on the SMEs ED and decide whether to make changes to the proposed amendments in the ED for the clarification of the definition of public accountability.

Our pre-meet­ing summaries is available on our June meeting notes page and will be sup­ple­mented with our popular meeting notes after the meeting.

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