On or about 28 May 2019, the International Accounting Standards Board (IASB) provide a summary of discussions held at the May Board meeting as well as of other developments. The main topics discussed were:
- Amendments to the IFRS Foundation’s Due Process Handbook
- Proposed amendments to IAS 39 and IFRS 9 in the light of global UBOR reform
- Amendments to IFRS 17 Insurance Contracts
- Disclosure Initiative — Targeted Standards-level Review of Disclosures, and
- IFRS Practice Statement 1 Management Commentary.
Other projects covered during the podcast are as follows:
- Rate-regulated Activities
- Goodwill and Impairment, and
- 2019 Comprehensive Review of the IFRS for SMEs Standard.
Kindly visit the IFRS website to listen to the podcast.
Source: IFRS website, 28 May 2019