IASB extends the comment period for Exposure Draft Disclosure Requirements in IFRS Standards—A Pilot Approach

In March 2021, the IASB issued Exposure Draft Disclosure Requirements in IFRS Standards—A Pilot Approach, with the comment period ending on 21 October 2021.

Now, the IASB has extended the comment period to 12 January 2022.

The Exposure Draft proposes a new approach to developing the disclosure requirements in IFRS Standards and the proposed amendments to the disclosure requirements in IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits, which have been developed following the new approach.

As explained by the IASB in its press release, the unusually long comment period is provided because of the unique nature of and significant new thinking in the proposals.

The press release may be accessed here.