This is a brief summary of news and events from the International Accounting Standards Board (Board) and the IFRS® Foundation over the past month:
The IFRS Foundation published its annual report and audited financial statements for the year ended 31 December 2018. It focuses on the importance of collaboration in achieving the Foundation’s mission.
The Trustees of the IFRS Foundation appointed Lisa Bomba, Karsten Ganssauge, Jake Green and Brian O'Donovan to the IFRS Interpretations Committee.
The Board has published for public comment proposed changes to the old and new financial instruments Standards, IAS 39 and IFRS 9, in light of the reform of interest rate benchmarks such as interbank offer rates (IBORs).
The Board published proposed narrow-scope amendments to four IFRS Standards as part of its maintenance and improvements of the Standards.
The Board published for public consultation proposed narrow-scope amendments to IFRS 3 Business Combinations.
In this month’s podcast, Chair of the Board Hans Hoogervorst and the Board Vice-Chair Sue Lloyd together with Technical Staff Member Matt Tilling provide a summary of discussions held at the May Board meeting as well as of other developments.
Darrel Scott, Member of the Board, and Andrea Pryde, Technical Staff, report on the discussion at the May 2019 meeting of the Board about IFRS 17 Insurance Contracts.
Board Member Ann Tarca talks about the results of research into the comparability of companies reporting using IFRS Standards.