10 April 2020

April IASB meeting papers and agenda now available—IASB to consider impact of covid-19

Article updated 14 April 2020

The International Accounting Standards Board (Board) recognises that the covid–19 pandemic is creating difficulties for many of our stakeholders. A supplementary meeting will be held on 17 April to discuss:

  • whether to propose a deferral by one year to 1 January 2023 of the effective date of an amendment to IFRS Standards issued in January— Classification of Liabilities as Current or Non-Current;
  • whether to extend the consultation period for some major ongoing consultations; 
  • delaying the publication of forthcoming major consultation documents originally planned for 2020; and
  • IFRS 16 and rent concessions granted as a result of covid-19.

Find further information here about how the IFRS Foundation is supporting its stakeholders during the pandemic. This includes educational materials on the application of IFRS 9 Financial Instruments and IFRS 16 Leases to support consistent and robust application of the Standards.

During the Board meeting to be held 21-23 April, the Board will discuss the following topics:

  • Amendments to IFRS 17 Insurance Contracts
  • Financial Instruments with Characteristics of Equity
  • Post-implementation Reviews of IFRS 10, IFRS 11 and IFRS 12
  • Maintenance and consistent application
  • Management Commentary
  • Comprehensive Review of the IFRS for SMEs Standard
  • Disclosure Initiative—Subsidiaries that are SMEs

The meeting agenda and agenda papers can be found on the IASB meeting page.

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