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This IASB Update highlights preliminary decisions of the International Accounting Standards Board (IASB). Projects affected by these decisions can be found on the work plan. The IASB's final decisions on IFRS® Accounting Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the IFRS Foundation's Due Process Handbook.

The IASB met on 17–18 November 2025.

Contents

Work plan overview

Research and standard-setting

Work plan overview

IASB work plan update (Agenda Paper 8)

The IASB met on 18 November 2025 to discuss a process for using any capacity that becomes available before it concludes its concurrent agenda consultation with the ISSB.

The IASB decided to select a project to add to its work plan, as capacity becomes available, from a list comprising potential projects on operating segments, pollutant pricing mechanisms, hyperinflationary accounting and cryptoassets.

All 12 IASB members agreed with this decision.

Next step

The IASB will decide which project to add to its work plan as capacity becomes available.

Research and standard-setting

Equity Method (Agenda Paper 13)

The IASB met on 17 November 2025 to continue redeliberating the proposals in the Exposure Draft Equity Method of Accounting—IAS 28 Investments in Associates and Joint Ventures (revised 202x).

Measurement of the cost of an associate (Agenda Paper 13A)

The IASB tentatively decided to proceed with its proposals to require an investor or joint venturer:

  1. on obtaining significant influence or joint control:
    1. to measure the cost of an associate or a joint venture at the fair value of the consideration transferred, including the fair value of any previously held interest in the associate or joint venture; and
    2. to recognise contingent consideration as part of the consideration transferred and measure it at fair value.
  2. after obtaining significant influence or joint control:
    1. not to remeasure contingent consideration classified as an equity instrument;
    2. to measure other contingent consideration at fair value at each reporting date; and
    3. to recognise changes in fair value in profit or loss.
  3. when purchasing an additional ownership interest in an associate or joint venture—to apply the requirements described in (b).

All 11 IASB members present agreed with this decision. One member was absent.
 

The IASB also tentatively decided to define contingent consideration based on the definition set out in IFRS 3 Business Combinations.

Ten of the 11 IASB members present agreed with this decision. One member was absent.
 

Purchases of an additional ownership interest (Agenda Paper 13B)

The IASB tentatively decided to proceed with its proposal to require an investor or joint venturer, at the date of purchase of an additional ownership interest, to measure that interest at the fair value of the consideration transferred.

All 11 IASB members present agreed with this decision. One member was absent.

The IASB tentatively decided to proceed with its proposal to require an investor or joint venturer, at the date of purchase, to include in the carrying amount of the investment its additional share of the fair value of the associate’s or joint venture’s identifiable assets and liabilities.

Nine of the 11 IASB members present agreed with this decision. One member was absent.

The IASB decided to explore providing investors or joint venturers with a relief from measuring the additional share of the associate’s or joint venture’s identifiable assets and liabilities at fair value.

All 11 IASB members present agreed with this decision. One member was absent.

The IASB also tentatively decided to extend the measurement period described in paragraph 45 of IFRS 3 to when an investor obtains significant influence or joint control over an associate or joint venture or purchases an additional ownership interest in an associate or joint venture.

All 11 IASB members present agreed with this decision. One member was absent.
 

Disposal of a portion of an investment in an associate (Agenda Paper 13C)

The IASB tentatively decided to proceed with its proposals to require an investor or joint venturer disposing of a portion of an investment:

  1. to measure the disposed portion as a percentage of the carrying amount of the investment (calculated as the disposed ownership interest divided by the total ownership interest); and
  2. to recognise the difference between the consideration received and the portion derecognised as a gain or loss in profit or loss.

Nine of the 11 IASB members present agreed with these decisions. One member was absent.

Next step

The IASB will continue redeliberating the proposals in the Exposure Draft.

Intangible Assets (Agenda Paper 17)

The IASB met on 18 November 2025 to receive an update on the project.

It was not asked to make any decisions.

Next step

The IASB will continue work on the initial streams of the project and discuss the findings in the first quarter of 2026.