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Current stage

At its February 2024 meeting, the International Accounting Standards Board (IASB) discussed the feedback on the Exposure Draft Annual Improvements to IFRS Accounting Standards—Volume 11. The IASB tentatively decided to finalise the proposed amendments to:

  1. paragraph IG1 of the Guidance on implementing IFRS 7 with a minor wording change; and
  2. paragraph IG20B of the Guidance on implementing IFRS 7 with no changes.

IASB® Update February 2024

The IASB discussed feedback on its proposed amendments to paragraphs IG1 and IG20B of the Guidance on implementing IFRS 7 Financial Instruments: Disclosures (Guidance). The IASB had proposed to amend paragraph IG1 of the Guidance to add a statement clarifying that the Guidance does not illustrate all the requirements in IFRS 7, and to amend paragraph IG20B of the Guidance to simplify its wording.

The IASB tentatively decided to proceed with the proposed amendments to:

  1. paragraph IG1 of the Guidance with a minor wording change; and
  2. paragraph IG20B of the Guidance with no changes.

All 14 IASB members agreed with these decisions.

Next milestone

Final Amendment