Skip to content (Press enter)
Show Sections

Current stage

In July 2021, the International Accounting Standards Board (IASB) published the Exposure Draft Subsidiaries without Public Accountability: Disclosures. The Exposure Draft sets out the IASB's proposals for a new IFRS Accounting Standard that would permit eligible subsidiaries to apply IFRS Accounting Standards with reduced disclosure requirements in their financial statements.

The deadline for submitting comments on the Exposure Draft is 31 January 2022. The IASB will consider feedback on the Exposure Draft in developing the IFRS Accounting Standard.

IASB® Update April 2022

The IASB met on 27 April 2022 to discuss feedback on its Exposure Draft Subsidiaries without Public Accountability: Disclosures. The Exposure Draft sets out proposals for a new IFRS Accounting Standard that would permit eligible subsidiaries to apply IFRS Accounting Standards with reduced disclosure requirements in their financial statements.

The IASB was not asked to make any decisions.

Next milestone

Decide project direction