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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
The ISSB will deliver a global baseline of sustainability disclosures to meet capital market needs.
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On 25 January 2007 the International Accounting Standards Board (IASB) published for public comment proposals to provide further exemptions from the requirements of IFRSs when they are adopted for the first time.
The proposals were set out in an Exposure Draft of proposed amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards.
The proposals respond to concerns about difficulties encountered by parent companies in measuring the cost of an investment in a subsidiary on adopting IFRSs.
The Exposure Draft was open for comment until 27 April 2007.
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