The IASB decided to finalise the project by making targeted refinements to the proposals in the Exposure Draft Management Commentary, published in May 2021.
In refining its proposals, the IASB will collaborate with the International Sustainability Standards Board (ISSB). With the project already at an advanced stage and the IASB’s proposals broadly supported, the IASB expects to issue the revised Practice Statement in the first half of 2025.
The IASB met on 19 June 2024 to discuss the direction of the project.
The IASB decided to finalise the project by making targeted refinements to the proposals in the Exposure Draft Management Commentary.
All 14 IASB members agreed with this decision.
Final Revised Practice Statement
International Accounting Standards Board June 2024