06 July 2020

June 2020 monthly news summary

Please find below a brief summary of news and events from the International Accounting Standards Board (Board) and the IFRS® Foundation over the past month:

IFRS Foundation publishes 2019 Annual Report

The IFRS Foundation has published its annual report and audited financial statements for the year ended 31 December 2019. The report focuses on how the Foundation is enhancing the relevance of its work as the world continues to change.

Combinations of businesses under common control—one size does not fit all

In this update, departing Board member Gary Kabureck summarises and discusses the preliminary views the Board has reached in its research project that considers filling a gap in IFRS Standards by improving the comparability and transparency of reporting on combinations of businesses under common control.

IASB issues amendments to IFRS 17 to help companies with implementation

In late June, the Board issued amendments to IFRS 17 Insurance Contracts aimed at helping companies implement the Standard and making it easier for them to explain their financial performance.

IASB investment experience bolstered with appointment of Zach Gast

The Trustees of the IFRS Foundation have appointed Zach Gast as a member of the Board from 1 August 2020. He joins the Board for an initial term of five years from the Center for Financial Research and Analysis (CFRA) and will bolster its investor perspective.

IFRS Foundation Virtual Conference to be held 28-29 September 2020

In response to the covid-19 pandemic and restrictions on physical conferences, we have created a virtual conference that combines the annual IFRS Foundation conference and annual World Standard-setters conference in one event.

Grants awarded for academic research to inform the IASB's work

Academics from Canada, Sweden, the UK and the USA have been given grants to conduct research that will be relevant to the Board's work.

Webinar presentations about ongoing consultations

A series of recorded webinars on Exposure Draft General Presentation and Disclosures (published 17 December 2019) and Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment (published 19 March 2020) are now available in several languages. Information about upcoming live webinars can be found in the news section of each project page.

Webcast and newsletter for investors

Read the latest edition of the IASB Investor Update to find out more about our response to covid-19, new project timelines, open consultations and other resources for investors. Listen to a special webcast featuring Board Vice-Chair Sue Lloyd on how investors can get the most out of companies' IFRS 9 and IFRS 7 disclosures.

Listen to the latest podcasts

In this episode of our monthly IASB podcast, Hans Hoogervorst and Sue Lloyd, Chair and Vice-Chair of the Board, talk through the IBOR reform, Disclosure Initiative and other projects.

June 2020 IASB Update available and work plan updated

Click here to access the IASB Update and updated work plan from the Board meeting held from 23 to 25 June 2020.

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