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In March 2021, the International Accounting Standards Board (IASB) 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 Accounting Standards as well as new disclosure requirements for IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits. The comment period for the Exposure Draft ended in January 2022.

During the comment period, 50 companies participated in fieldwork by applying the proposed disclosure requirements for either or both of IFRS 13 and IAS 19. At its meeting in February 2022, the IASB discussed feedback from preparer fieldwork participants and users of financial statements.

IASB® Update February 2022

The IASB met on 21 February 2022 to discuss feedback from preparer fieldwork participants and users of financial statements on the Exposure Draft Disclosure Requirements in IFRS Standards—A Pilot Approach.

The IASB published the Exposure Draft in March 2021. It proposed:

  1. guidance for the IASB to use when developing and drafting disclosure requirements in IFRS Accounting Standards; and
  2. new disclosure requirements in IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits, developed by applying the proposed guidance.

The comment period for the Exposure Draft ended in January 2022. During the comment period, 50 companies participated in fieldwork by applying the proposed disclosure requirements for either or both of IFRS 13 and IAS 19.

The IASB was not asked to make any decisions at this meeting.