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In this episode of our monthly IASB podcast, Hans Hoogervorst and Sue Lloyd, Chair and Vice-Chair of the International Accounting Standards Board (Board), focus on the Board’s discussions around the amendment to IFRS 16 Leases to help companies with covid-19-related rent concessions at a supplementary meeting held remotely on Friday 15 May 2020.

Next, they turn their attention to the projects discussed at the regular Board meeting on 20-21 May 2020:

  • Amendments to IFRS 17 Insurance Contracts;
  • IBOR Reform and the Effects on Financial Reporting—Phase 2;
  • Management Commentary;
  • Disclosure Initiative—Accounting Policies; and
  • Maintenance and consistent application.

A full summary of the supplementary meeting can be found here and the summary of the regular May Board meeting can be found in the IASB Update.

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