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In March and April 2022, the International Accounting Standards Board (IASB) discussed feedback on the Exposure Draft Management Commentary, published in May 2021. The Exposure Draft sets out the IASB's proposals for a comprehensive overhaul of IFRS Practice Statement 1 Management Commentary.

In December 2022, the International Sustainability Standards Board (ISSB) decided to seek feedback in the request for information on its Agenda Consultation regarding a potential joint project with the IASB on connectivity in reporting, building on the IASB’s Management Commentary project and the Integrated Reporting Framework.   

IASB® Update May 2023

The IASB met on 23 May 2023 for an education session on:

  1. the IFRS Foundation staff analysis of the similarities and differences between proposals in the Exposure Draft Management Commentary, published in May 2021, and the Integrated Reporting Framework, revised in January 2021; and
  2. feedback on that analysis and on the approach to further alignment between these documents from the IFRS Advisory Council and the Integrated Reporting and Connectivity Council in April 2023.

The IASB was not asked to make any decisions.

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