This IASB Update highlights preliminary decisions of the International Accounting Standards Board (Board). The Board’s final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the Due Process Handbook of the IFRS Foundation and the IFRS Interpretation Committee.
The Board met remotely on 14–16 December 2020.
The topics, in order of discussion, were as follows:
Research and standard-setting
Primary Financial Statements (Agenda Paper 21)
The Board met on 15 December 2020 and 16 December 2020 to discuss feedback on its Exposure Draft General Presentation and Disclosures. The Exposure Draft sets out proposals for an IFRS Standard on presentation and disclosures in financial statements that, when finalised, would replace IAS 1 Presentation of Financial Statements. It also sets out proposed amendments to other IFRS Standards.
The Board was not asked to make decisions.
The Board will continue discussing feedback on the Exposure Draft and will discuss plans for redeliberating the project proposals at the next meeting.