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

Sustainability reporting project: Purpose and progress of the Technical Readiness Working Group

Watch this webcast explaining the role of the Technical Readiness Working Group (TRWG), which was created by the IFRS Foundation’s Trustees in March 2021 to do preparatory work for the proposed International Sustainability Standards Board (ISSB).

Article: Business Combinations under Common Control—filling a gap in IFRS Standards

Read this article published in the Australian Accounting Review in which Board Member Ann Tarca explains the Board’s preliminary views for accounting for business combinations under common control, an issue not currently addressed in IFRS Standards.

Watch these supplementary videos on various current technical projects:

Compilation of Agenda Decisions—Volume 5 published

The Foundation’s fifth Compilation of Agenda Decisions brings together agenda decisions published by the IFRS Interpretations Committee from April to October 2021. The agenda decisions included in this compilation relate to IFRS 9 Financial Instruments, IFRS 16 Leases, IAS 2 Inventories, IAS 10 Events after the Reporting Period, IAS 19 Employee Benefits and IAS 32 Financial Instruments: Presentation. Also, listen to the latest IFRIC podcast, which covers topics such as non-refundable VAT on lease payments and accounting for warrants that are financial liabilities on initial recognition.

Join the IFRS Foundation—Customer Services Representatives

We are looking for two positive and customer-focused team players to join our team.