In July 2021 the International Accounting Standards Board (IASB) published its Exposure Draft Subsidiaries without Public Accountability: Disclosures.
In April 2022 the IASB discussed the feedback on its Exposure Draft; and in June 2022 the IASB decided how it would redeliberate the proposals set out in its Exposure Draft to develop a new IFRS Accounting Standard.
In July 2023, following completion of redeliberations of the proposals in the Exposure Draft, the IASB confirmed it was satisfied that applicable due process requirements have been complied with and sufficient consultation and analysis were undertaken to begin the process for balloting the Standard. The IASB expects to publish the new Standard in the first half of 2024.
The IASB met on 22 January 2024 to discuss some of the disclosure requirements proposed in the Exposure Draft Subsidiaries without Public Accountability: Disclosures. The IASB tentatively decided:
All 14 IASB members agreed with these decisions.