The Board will discuss the following:

• Goodwill and im­pair­ment
• Maintenance and consistent application
• Financial instruments with characteristics of equity
• Equity method
• Rate-regulated activities
• Digital financial reporting strategy
• Work plan update
• Disclosure initiative — Subsidiaries without public accountability: Disclosure

The full agenda for the meeting can be found here. We will post any updates to the agenda, our com­pre­hen­sive pre-meet­ing summaries, as well as observer notes from the meeting on this page as they become available.

The Board will discuss the following:

• General Sus­tain­abil­ity-re­lated Dis­clo­sures (S1)
• ISSB Consultation on Agenda Priorities
• Cli­mate-re­lated Dis­clo­sures (S2)

The full agenda for the meeting can be found here. We will post any updates to the agenda, our com­pre­hen­sive pre-meet­ing summaries, as well as observer notes from the meeting on this page as they become available.

Highlights of the podcast include discussions on the following: 

• the IASB’s decision to retain impairment-only approach for goodwill accounting;
• a new accelerated project proposing narrow-scope amendments to the IAS 12;
• the project direction of the supplier finance arrangements projects;
• the post-implementation review of IFRS 9 — Classification and Measurement; and
• short updates on the following projects:
  • Business combinations under common control,
  • Subsidiaries without public accountability: Disclosures,
  • Dynamic risk management,
  • Rate-regulated activities, and
  • Primary financial statements.

The podcast (14 minutes) can be accessed through the press release on the IFRS Foundation’s website.

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

The IFRS Taxonomy formula linkbase 2022 is an update of the 2021 version and accompanies the IFRS Accounting Taxonomy 2022.

For more information and access to the linkbase, please see the press release on the IFRS Foundation website website.

While approval was unanimous in the end, questions of DPOC members included if the IASB had been slow in developing the proposed amendment and what timeframe the IASB had in mind when declaring the proposed exemption would be "temporary".

The IASB Chair explained that the IASB rather than being slow to react had in fact been as fast as possible. While the OECD released the rules in December 2021, the IASB had little alternative to monitoring developments until jurisdictions began implementing them. The developments suddenly picked up speed and the IASB reacted by, in one meeting only, discussing the required amendments holistically and developing the proposals.

The dependency on external developments also became clear in the answer regarding the meaning of "temporary" - until jurisdictions have finished implementing the rules, the IASB cannot consider the implications. The IASB Chair acknowledged, however, that it might be a good idea to consider including a review clause when finalising the amendments around the temporary exemption- to keep the perceived "vacuum" of information as short as possible.

While DPOC members finally agreed to shortening the comment period from 120 to 60 days ("a short, but sufficient comment letter period"), they also stressed that their decision was supported by the fact that the IASB's proposed amendments would help the OECD in getting the Pillar Two rules implemented in jurisdictions.

A recording of the session is available on the IFRS Foundation website.

In the paper, the first in a planned series looking at automated valuation models (AVM), the IVSC looks at the current International Valuation Standards (IVS) and the question whether a residential AVM can ever produce an IVS compliant valuation.

The paper can be accessed through the press release on the IVSC website.