IASB proposes amendments to IFRS 19
IASB proposes amendments to IFRS 19
The IASB issued Exposure Draft Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.
When developing the disclosure requirements in IFRS 19 Subsidiaries without Public Accountability: Disclosures, the IASB considered the disclosure requirements in other IFRS Accounting Standards as at 28 February 2021. The IASB is now consulting on reducing the disclosure requirements for the new Standards and amendments issued after the cut-off date of February 2021.
The proposals would reduce or simplify the disclosure requirements related to:
When developing the disclosure requirements in IFRS 19 Subsidiaries without Public Accountability: Disclosures, the IASB considered the disclosure requirements in other IFRS Accounting Standards as at 28 February 2021. The IASB is now consulting on reducing the disclosure requirements for the new Standards and amendments issued after the cut-off date of February 2021.
The proposals would reduce or simplify the disclosure requirements related to:
- Lack of exchangeability (amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates);
- International tax reform—Pillar Two Model Rules (amendments to IAS 12 Income Taxes);
- Supplier finance arrangements (amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures);
- Primary financial statements (IFRS 18 Presentation and Disclosure in Financial Statements); and
- Non-current liabilities with covenants (amendments to IAS 1 Presentation of Financial Statements).