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Major projects

Title Description
Disclosure initiative — Subsidiaries that are SMEs This project is part of the IASB's overall disclosure initiative and aims at developing an IFRS (a reduced disclosure IFRS) that will permit subsidiaries that are small and medium-sized entities (SMEs) to apply IFRSs but with reduced disclosure requirements. An exposure draft of a proposed new standard was published 26 July 2021 with comments requested by 31 January 2022.
Disclosure initiative — Disclosure review This project is part of the IASB's overall disclosure initiative and considers the way the Board develops disclosures requirements in IFRSs. An exposure draft containing draft guidance for the Board to use when developing and drafting disclosure sections and proposed amendments to the disclosure requirements in IAS 19 and IFRS 13 was published on 25 March 2021 with comments requested by 12 January 2022.
Disclosure initiative — Overview Provides a summary of projects in the IASB's overall disclosure initiative, outlining summary progress on the implementation and research projects the IASB has decided to consider as part of the broader initiative.
Financial instruments — Macro hedge accounting A project to consider risk management strategies referring to open portfolios (macro hedging) which are not specifically covered by the IASB’s project on general hedge accounting. A discussion paper was published on 17 April 2014. A second discussion paper is expected in 2019.
Financial instruments — Comprehensive project A multi-faceted joint IASB-FASB project to rewrite the requirements for accounting for financial instruments, consisting of a number of sub-projects.
Management commentary (Wider corporate reporting) The aim of this project is to review and update the 'Management Commentary Practice Statement' issued in 2010 to help address the lack of alignment and integration between wider corporate reporting and financial reporting. An exposure draft of an updated Practice Statement was published on 27 May 2021 with comments requested by 23 November 2021.
Primary financial statements The aim of this project is to develop improvements to the structure and content of the primary financial statements, with a focus on the statement(s) of financial performance. An exposure draft of a proposed new standard was published on 17 December 2019. On 17 April 2020, the comment period on the exposure draft was extended until 30 September 2020.
Rate-regulated activities — Comprehensive project The IASB is looking into developing an accounting model that will require rate-regulated companies to provide information about their incremental rights to add amounts, and incremental obligations to deduct amounts, in determining the future rates to be charged to customers as a result of goods or services already supplied. On 28 January 2021, the IASB published an exposure draft of a new standard ED/2021/1 'Regulatory Assets and Regulatory Liabilities'. The comment letter period has been extended until 30 July 2021.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.