Current stage

In March 2021, the International Accounting Standards Board (Board) published the Exposure Draft Disclosure Requirements in IFRS Standards—A Pilot Approach. The Exposure Draft sets out a proposed new approach to developing and drafting disclosure requirements in IFRS Standards as well as new disclosure requirements for IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits.

The Board is seeking feedback by 21 October 2021 on whether those proposals would help companies and other stakeholders improve the usefulness of information disclosed in financial statements. Feedback will help the Board determine whether and how to use the proposed new approach in its future standard-setting activities and whether to finalise the amendments to IFRS 13 and IAS 19.

IASB® Update March 2021

The Board met on 23 March 2021 to discuss proposals to adjust the timetables for some of its published and forthcoming consultation documents.

The Board decided to extend the comment periods for:

  1. the Exposure Draft Regulatory Assets and Regulatory Liabilities—by 30 days to end on 30 July 2021;
  2. the forthcoming exposure draft on the Disclosure Initiative—Targeted Standards-level Review of Disclosures project—from 180 days to 210 days; and
  3. the forthcoming request for information on the Third Agenda Consultation—from 120 days to 180 days.

Eleven of 13 Board members agreed with this decision.

Next milestone

Exposure Draft Feedback

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