July 2020 IASB Update available and work plan updated

The July 2020 IASB Update has been published.

The Board met remotely on 22–23 July 2020.

The topics, in order of discussion, were as follows:

• IBOR Reform and its Effects on Financial Reporting—Phase 2
• Disclosure Initiative—Accounting Policies
• IFRS Taxonomy (oral update)
• Maintenance and consistent application
• Extractive Activities
• Management Commentary

Previous updates are available here.