Post-implementation review — IFRS 10, IFRS 11, and IFRS 12
Background
The IASB carries out a post-implementation review of each new IFRS or major amendment. This is normally carried out two years after the new requirements have become mandatory and been implemented.
The objectives of a post-implementation review, according to the IASB's Due Process Handbook, are:
- to review the important issues that had been identified as contentious during the development of the pronouncement
- to consider any unexpected costs or implementation problems that have been encountered.
This page covers the IASB's post-implementation review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, and IFRS 12 Disclosure of Interests in Other Entities.
Current status of the project
A request for information was published on 9 December 2020 with comments requested by 10 May 2021.
Project milestones
| Date | Development | Comments |
|---|---|---|
| September 2019 | Joint post-implementation review of the three standards added to the IASB agenda | |
| 9 December 2020 | Request for information published | Comments requested by 10 May 2021 |
