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At its October 2021 meeting, the International Accounting Standards Board (IASB) concluded that IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities are working as intended.

At its meeting in November 2021, before deciding to take action on the topics arising from the Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 or concluding this Post-implementation Review, the IASB decided to develop its strategy for deciding whether to take further action based on feedback from post-implementation reviews.

IASB® Update November 2021

The IASB met on 16 November 2021 to decide:

  • whether to take further action on two topics arising from the Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities; and
  • whether to conclude the Post-implementation Review.

Before deciding to take action on the topics arising from the Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 or concluding this Post-implementation Review, the IASB decided to develop further aspects of its strategy for deciding whether to take further action based on feedback from post-implementation reviews.

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Feedback Statement