IASB and joint IASB-FASB Update July 2021 now available

The IASB met remotely on 20-21 July 2021.

Following points were discussed during the meeting:

• Post-implementation Review of IFRS 9—Classification and Measurement
• Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities
• Disclosure Initiative—Targeted Standards-level Review of Disclosures
• Goodwill and Impairment
• Primary Financial Statements
• Maintenance and consistent application
• IFRS Taxonomy

The IASB also held a joint meeting with FASB on 23 July 2021, where following points were discussed:

• The IASB project on Goodwill and Impairment (the FASB project on Identifiable Intangible Assets and Subsequent Accounting for Goodwill)
• The IASB’s Third Agenda Consultation (the FASB’s Agenda Consultation) 
• The IASB project on Supplier Finance Arrangements (the FASB project on Disclosure of supplier finance programs involving trade payables) 

Updates for both the meetings may be accessed here.