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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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Classification of Liabilities as Current or Non-current (Amendments to IAS 1) was issued in January 2020 with an effective date of annual reporting period beginning on or after 1 January 2022. However, due to the covid-19 pandemic, the Board has proposed to defer the effective date by one year to provide companies with more time to implement any classification changes resulting from the amendments.
The Board is not proposing any changes to the original amendments other than the deferral of the effective date.
The Exposure Draft is available below. The comment letter period is open until 3 June 2020.
Exposure Draft: Classification of Liabilities as Current or Non-current—Deferral of Effective Date
Exposé-sondage: Classement des passifs en tant que passifs courants ou non courants—Report de la date d’entrée en vigueur
公開草案: 負債の流動又は非流動への分類 ― 発効日の延期
Proyecto de Norma: Clasificación de Pasivos como Corrientes o No corrientes—Diferimiento de la Fecha de Vigencia
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