Skip to content (Press enter)
Show Sections

Current stage

The International Accounting Standards Board (IASB) expects to issue the new Standard Subsidiaries without Public Accountability: Disclosures in the first half of 2024. After this new IFRS Accounting Standard has been issued, the IASB will publish an exposure draft of proposed amendments to that Standard for new or amended disclosure requirements added or amended in other IFRS Accounting Standards after 28 February 2021.

IASB® Update April 2024

The IASB met on 25 April 2024 to discuss the catch-up exposure draft it plans to publish after issuing IFRS 19 Subsidiaries without Public Accountability: Disclosures in May 2024. 

Effective date and transition (Agenda Paper 32A)

The IASB discussed the effective date and transition requirements of the proposed amendments to IFRS 19.

The IASB tentatively decided:

  1. to require an eligible subsidiary to apply the proposed amendments to IFRS 19 on 1 January 2027, the same effective date as the Standard itself; and
  2. to permit an eligible subsidiary to adopt the proposed amendments to IFRS 19 earlier than that date.

All 14 IASB members agreed with these decisions.

Due process (Agenda Paper 32B)

The IASB set a 120-day comment period for the catch-up exposure draft.

All 14 IASB members agreed with this decision.

All 14 IASB members confirmed they were satisfied the IASB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the catch-up exposure draft.

No IASB member indicated an intention to dissent from issuing the catch-up exposure draft.

Next milestone

Exposure Draft