Agenda for the May 2024 Emerging Economies Group meeting
The IASB Emerging Economies Group (EEG) will meet in Taiyuan, China on 28–29 May 2024. An agenda for the meeting is now available.
News and Publications
IASB issues new standard providing a reduced disclosure framework for subsidiaries
by Husam Shareef/in Uncategorized Echo_0 /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…
May 2024 ISSB meeting agenda posted
by Husam Shareef/in Uncategorized Echo_0 /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.
IASB begins webcast series on the goodwill and acquisitions exposure draft
by Husam Shareef/in Uncategorized Echo_0 /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.
IASB proposes amendments to IFRS 9 and IFRS 7 regarding power purchase agreements
by Husam Shareef/in Uncategorized Echo_0 /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.
Updated translation of the IR Framework in Portuguese
by Husam Shareef/in Uncategorized Echo_0 /The IFRS Foundation has published an updated translation of the Integrated Reporting (IR) Framework in Portuguese.
ISSB standards available in Simplified Chinese
by Husam Shareef/in Uncategorized Echo_0 /The IFRS Foundation has published a Simplified Chinese translation of IFRS S1 'General Requirements for Disclosure of Sustainability-related Financial Information' and IFRS S2 'Climate-related Disclosures'. The documents accompanying IFRS S1 and IFRS S2 have also been translated into Simplified Chinese.
EFRAG draft comment letter on the proposed amendments aimed at enhanced information on acquisitions
by Husam Shareef/in Uncategorized Echo_0 /EFRAG (formerly the European Financial Reporting Advisory Group) has issued a draft comment letter on the IASB's proposed amendments around business combinations, goodwill and impairment.
IPSASB finalises non-substantive changes to its standards
by Husam Shareef/in Uncategorized Echo_0 /The International Public Sector Accounting Standards Board (IPSASB) has published 'Improvements to IPSAS, 2023'.
ISSB and EFRAG publish 'ESRS — ISSB Standards Interoperability Guidance'
by Husam Shareef/in Uncategorized Echo_0 /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).