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Pre-meeting summaries for the May 2024 ISSB meeting
14 May, 2024
The ISSB will meet in Montreal on 16 May 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the ISSB’s decision making more closely. We summarised the agenda papers made available by the ISSB staff and point out the main issues to be discussed by the ISSB and the staff recommendations.
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IASB continues webcast series on proposed enhancements to disclosure requirements for business combinations
13 May, 2024
The IASB has released the second webcast in its series aimed at discussing and seeking feedback on Exposure Draft ‘Business Combinations — Disclosures Goodwill and Impairment’. The webcast series focuses on improving the transparency and quality of information provided by companies regarding acquisitions, while also considering the feasibility of implementation from a cost perspective.
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May 2024 IASB meeting agenda posted
10 May, 2024
The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 20 and 22 May 2024. There are five topics on the agenda.
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IASB issues new standard providing a reduced disclosure framework for subsidiaries
09 May, 2024
The International Accounting Standards Board (IASB) has published the new standard IFRS 19 'Subsidiaries without Public Accountability: Disclosures', which permits a subsidiary to provide reduced disclosures when applying IFRS Accounting Standards in its financial statements. IFRS 19 is optional for subsidiaries that are eligible and sets out the disclosure requirements for subsidiaries that elect to apply it. The new standard is effective for reporting periods beginning on or after 1 January 2027 with earlier application permitted.
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IASB proposes amendments to IFRS 9 and IFRS 7 regarding power purchase agreements
08 May, 2024
The International Accounting Standards Board (IASB) has published an exposure draft IASB/ED/2024/3 'Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7)'. Comments are requested by 7 August 2024.
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May 2024 ISSB meeting agenda posted
08 May, 2024
The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in Montreal on 16 May 2024. The ISSB will be discussing its consultation on agenda priorities, maintenance of the SASB standards and supporting the implementation of IFRS S1 and IFRS S2.
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UKEB releases a webcast on IFRS 18
02 May, 2024
The UK Endorsement Board (UKEB) has made available a webcast which introduces the key requirements of IFRS 18 'Presentation and Disclosure in Financial Statements'.
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ISSB and EFRAG publish 'ESRS — ISSB Standards Interoperability Guidance'
02 May, 2024
The International Sustainability Standards Board (ISSB) and EFRAG (formerly the European Financial Reporting Advisory Group) have published guidance to illustrate the high level of alignment achieved between the ISSB standards and the European Sustainability Reporting Standards (ESRS).
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Summary of the March 2024 ASAF meeting now available
01 May, 2024
The IASB staff have published a summary of the Accounting Standards Advisory Forum (ASAF) meeting held in London on 25–26 March 2024.
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IFRS Foundation publishes tenth compilation of IFRS Interpretations Committee agenda decisions
01 May, 2024
The IFRS Foundation has issued “Compilation of Agenda Decisions — Volume 10” which contains all the agenda decisions made by the IFRS Interpretations Committee from November 2023 to April 2024.
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European Union formally adopts amendments to IAS 7 and IFRS 7
17 May, 2024
The European Union has published a Commission Regulation endorsing 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' issued by the IASB in May 2023.
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GRI starts new publication series on the CSRD
16 May, 2024
The Global Reporting Initiative (GRI) has set up a new publication series titled 'CSRD Essentials'. In the series, GRI explores the EU mandatory sustainability reporting requirements under the Corporate Sustainability Reporting Directive (CSRD).
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ICAS and IRC examine the materiality concept in financial and sustainability reporting
16 May, 2024
The Institute of Chartered Accountants of Scotland (ICAS) and the Integrated Reporting Committee of South Africa (IRC) have each published documents that discuss the concept of materiality in financial and sustainability reporting.
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Agenda for the May 2024 Management Commentary Consultative Group meeting
15 May, 2024
The Management Commentary Consultative Group of the IFRS Foundation will meet via video conference call on 21 May 2024. An agenda for the meeting is now available.
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EFRAG publishes April 2024 issue of EFRAG Update
13 May, 2024
The EFRAG (formerly the European Financial Reporting Advisory Group) has published an ‘EFRAG Update’ summarising public technical discussions held and decisions made during April 2024.
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IFRS Foundation survey on digital content
10 May, 2024
The IFRS Foundation is exploring options for introducing an epub service and is seeking feedback on the current service, and input on possible new products and their features.
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Agenda for the May 2024 Emerging Economies Group meeting
09 May, 2024
The IASB Emerging Economies Group (EEG) will meet in Taiyuan, China on 28–29 May 2024. An agenda for the meeting is now available.
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IASB begins webcast series on the goodwill and acquisitions exposure draft
08 May, 2024
The IASB has released the first webcast in a series that features IASB members and technical staff taking a detailed look into the proposed improvements to the disclosure requirements about acquisitions and the impairment testing of cash-generating units containing goodwill.
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FRC to hold roundtable events on the UK sustainability assurance market
03 May, 2024
The Financial Reporting Council (FRC) will hold two roundtable events on 5 June and 12 June as part of its market study on the UK sustainability assurance market.
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Agenda for the May 2024 Islamic Finance Consultative Group meeting
02 May, 2024
An agenda has been released for the meeting of the Islamic Finance Consultative Group that will be held virtually and in Manama, Bahrain on 8–9 May 2024.
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Need to know - IASB proposes amendments for contracts to buy or sell renewable electricity that have specified characteristics
published 15 May, 2024
This Need to know outlines the proposed amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures set out in exposure draft (ED) Contracts for Renewable Energy, published by the International Accounting Standards Board (IASB) on 8 May 2024.
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IFRS on Point — April 2024
published 07 May, 2024
'IFRS on Point' highlights critical financial and sustainability reporting developments and main IFRS-related news stories of the previous month.
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Need to know — FRC amends FRS 102 to address supplier finance arrangements
published 26 Apr, 2024
This Need to know outlines the amendments to FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' in relation to Section 7 'Statement of Cash Flows', published by the Financial Reporting Council (FRC) in March 2024 to introduce disclosure requirements regarding supplier finance arrangements.
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Need to know — IASB publishes new standard on presentation and disclosure in financial statements
published 23 Apr, 2024
This Need to know outlines IFRS 18 'Presentation and Disclosure in Financial Statements' published by the International Accounting Standards Board (IASB) on 9 April 2024.
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Accounting roundup — April 2024
published 17 Apr, 2024
This Accounting roundup, covering the period January 2024 through to March 2024, pulls together the headlines for all the latest developments in accounting, providing links to a wealth of further information and resources.
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Accounting roundup — Closing Out
published 17 Apr, 2024
Closing Out is a one stop guide covering key corporate reporting issues to be aware of when approaching year-end and interim reporting.
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EFRAG endorsement status report 17 April 2024
published 17 Apr, 2024
The endorsement status report has been updated to reflect that the IASB has published IFRS 18 ‘Presentation and Disclosures in Financial Statements’.
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Need to know — IASB proposes addendum to exposure draft 'Third edition of the IFRS for SMEs Accounting Standard'
published 12 Apr, 2024
This 'Need to know' outlines the proposed amendments to the 'IFRS for SMEs' Accounting Standard set out in exposure draft 'Addendum to the Exposure Draft Third Edition of the IFRS for SMEs Accounting Standard’ published by the International Accounting Standards Board (IASB) on 28 March 2024.
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Need to know — EFRAG proposes ESRS for listed SMEs
published 11 Apr, 2024
This 'Need to know' outlines the exposure draft 'ESRS for listed small- and medium-sized enterprises' that was published by EFRAG on 22 January 2024.
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IFRS on Point — March 2024
published 04 Apr, 2024
'IFRS on Point' highlights critical financial and sustainability reporting developments and main IFRS-related news stories of the previous month.
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IASB Meeting — 20 and 22 May 2024
Start: 20 May, 2024 - End: 22 May, 2024
The IASB will meet in its offices in London on 20 and 22 May 2024.
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ISSB Meeting — 16 May 2024
Start: 16 May, 2024 - End: 16 May, 2024
The ISSB will meet in Montreal on 16 May 2024
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ISSB Meeting — 23 April 2024
Start: 23 Apr, 2024 - End: 23 Apr, 2024
The ISSB met in Frankfurt on 23 April 2024.
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IASB Meeting — 22–25 April 2024
Start: 22 Apr, 2024 - End: 25 Apr, 2024
The IASB met in its offices in London on 22–25 April 2024.
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IASB Meeting — 18–21 March 2024
Start: 18 Mar, 2024 - End: 21 Mar, 2024
The IASB met in its offices in London on 18–21 March 2024.
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ISSB Meeting — 13 March 2024
Start: 13 Mar, 2024 - End: 13 Mar, 2024
The ISSB met in Frankfurt on 13 March 2024.
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IFRS Interpretations Committee meeting — 5 March 2024
Start: 05 Mar, 2024 - End: 05 Mar, 2024
The IFRS Interpretations Committee met on 5 March 2024.
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ISSB Meeting — 21 February 2024
Start: 21 Feb, 2024 - End: 21 Feb, 2024
The ISSB met in New York City on 21 February 2024.
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IASB Meeting — 19–22 February 2024
Start: 19 Feb, 2024 - End: 22 Feb, 2024
The IASB met in its offices in London on 19–22 February 2024.
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ISSB Meeting — 25 January 2024
Start: 25 Jan, 2024 - End: 25 Jan, 2024
The ISSB held a joint meeting with the IASB in its offices in London on 25 January 2024.