This IASB Update highlights preliminary decisions of the International Accounting Standards Board (IASB). Projects affected by these decisions can be found on the work plan. The IASB's final decisions on IFRS® Accounting Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the IFRS Foundation's Due Process Handbook.
Contents
Research and standard-setting
- Post-implementation Review of IFRS 16 Leases (Agenda Paper 7)
- Intangible Assets (Agenda Paper 17)
- Statement of Cash Flows and Related Matters (Agenda Paper 20)
Maintenance and consistent application
Research and standard-setting
Post-implementation Review of IFRS 16 Leases (Agenda Paper 7)
The IASB met on 28 January 2026 to discuss:
- a summary of the feedback on the Request for Information Post-implementation Review of IFRS 16 Leases; and
- a plan for the next phase of the project.
The IASB was not asked to make any decisions.
Next steps
The IASB will continue discussing feedback on the Request for Information and expects to finalise its decisions in the third quarter of 2026. At the end of this Post-implementation Review, the IASB will publish a project report and feedback statement summarising its findings and any next steps. The IASB expects the report and feedback statement to be published before the end of 2026.
Intangible Assets (Agenda Paper 17)
The IASB met on 27 January 2026 to discuss:
- selection of test cases for the workstream that explores potential changes to some aspects of the definition of ‘intangible asset’ and recognition requirements for intangible assets; and
- identification of principles and topics to explore further for the selected test cases.
The IASB was not asked to make any decisions.
Next step
The IASB will discuss its findings relating to the workstream that explores user information needs.
Statement of Cash Flows and Related Matters (Agenda Paper 20)
The IASB met on 27 January 2026 to discuss moving the project from the research programme to its standard-setting work plan.
The IASB decided:
- to add the project to its standard-setting work plan, under which any consultative document the IASB might later publish would be an exposure draft; and
- not to set up a consultative group for the project.
All 13 IASB members agreed with this decision.
Next step
The IASB will continue deliberating issues within the scope of the project.
Maintenance and consistent application
Consistent application activities
The IASB met on 27 January 2026 to consider matters discussed at the meeting of the IFRS Interpretations Committee (Committee) in November 2025. The IASB:
- considered the Committee’s decision to update six agenda decisions and its recommendation to withdraw two agenda decisions (Agenda Paper 12A);
- considered the Committee’s decision to finalise two agenda decisions (Agenda Papers 12B–12C); and
- received an update on other matters (Agenda Paper 12D).
Updates to Agenda Decisions for IFRS 18 (Agenda Paper 12A)
The IASB was asked whether it agreed with the Committee’s recommendation to withdraw the Agenda Decision Income and Expenses arising on Financial Instruments with a Negative Yield—Presentation in the Statement of Comprehensive Income (IAS 39 Financial Instruments: Recognition and Measurement and IAS 1 Presentation of Financial Statements).
All 13 IASB members agreed with this decision.
The IASB was asked whether it agreed with the Committee’s recommendation to withdraw the Agenda Decision Supply Chain Financing Arrangements—Reverse Factoring.
The IASB decided to defer reaching a decision to a future meeting. The IASB also decided to undertake targeted outreach to identify any specific accounting matters that might arise from the recommended withdrawal of the Agenda Decision.
Twelve of 13 IASB members agreed with these decisions.
The IASB was asked whether it objected to the following updated agenda decisions:
- Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8 Operating Segments);
- Demand Deposits with Restrictions on Use Arising from a Contract with a Third Party (IAS 7 Statement of Cash Flows);
- Subsequent Expenditure on Biological Assets (IAS 41 Agriculture);
- Disclosure of Changes in Liabilities Arising from Financing Activities (IAS 7);
- Physical Settlement of Contracts to Buy or Sell a Non-financial Item (IFRS 9 Financial Instruments); and
- Normal Operating Cycle (IAS 1).
No IASB member objected to these updated agenda decisions.
Next step
The IASB will consider the Committee’s recommendation to withdraw the Agenda Decision Supply Chain Financing Arrangements—Reverse Factoring and the findings from the targeted outreach at a future meeting. The updated agenda decisions will be published in January 2026 in an addendum to IFRIC Update November 2025.
Embedded Prepayment Option (IFRS 9) (Agenda Paper 12B)
The IASB was asked whether it objected to the Agenda Decision Embedded Prepayment Option (IFRS 9).
No IASB member objected to the Agenda Decision.
Next step
The Agenda Decision will be published in January 2026 in an addendum to IFRIC Update November 2025.
Determining and Accounting for Transaction Costs (IFRS 9) (Agenda Paper 22C)
The IASB was asked whether it objected to the Agenda Decision Determining and Accounting for Transaction Costs (IFRS 9).
No IASB member objected to the Agenda Decision.
Next step
The Agenda Decision will be published in January 2026 in an addendum to IFRIC Update November 2025.
IFRIC Update November 2025 (Agenda Paper 22D)
The IASB received an update on the Committee’s November 2025 meeting. Details of this meeting were published in IFRIC Update November 2025.
