• IASB and joint IASB-FASB Update July 2021 now available

IASB and joint IASB-FASB Update July 2021 now available

29 July 2021

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.