Please click to access the video (approx. 4 minutes) on YouTube.

The VRF was formed in June 2021 with the merger of the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB). The consolidation with the IFRS Foundation will inform the work of the IFRS Foundation through the industry-based approach of the SASB Standards and the Integrated Reporting Framework.

The consolidation is part of a COP26 objective to consolidate leading investor-focused sustainability disclosure organisations with the IFRS Foundation. 

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

High­lights of the podcast include dis­cus­sions on:

• Analysis of feedback provided on the post-im­ple­men­ta­tion review of IFRS 9 — clas­si­fi­ca­tion and mea­sure­ment project.
• IFRS 9 requirements for assessing a financial asset’s contractual cash flow characteristics.
• Proposed project plan for dynamic risk management.
• Deliberations on the financial instruments with characteristics of equity, primary financial statements, rate-regulated activities, and goodwill and impairment projects.
• Possible steps forward related to disclosure initiative — targeted standards-level review of disclosures.
• Feedback on Exposure Draft, Supplier Finance Arrangements.
• Updates on maintenance and consistent application.

The podcast can be accessed through the press release on the IFRS Foundation website.

Please click to view the detailed notes taken by Deloitte observers for the IASB meeting.