In July 2024, the International Accounting Standards Board (IASB) published its Exposure Draft Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures. The Exposure Draft covers disclosure requirements issued between 28 February 2021 and 1 May 2024 that are included in IFRS 19 without reduction. The IASB proposes to reduce these disclosure requirements so that the Standard will only include disclosure requirements that reflect its principles for reducing disclosure requirements. The IASB is also asking stakeholders whether it should reduce the disclosure requirements from the prospective IFRS Accounting Standard Regulatory Assets and Regulatory Liabilities.
The IASB met on 25 April 2024 to discuss the catch-up exposure draft it plans to publish after issuing IFRS 19 Subsidiaries without Public Accountability: Disclosures in May 2024.
The IASB discussed the effective date and transition requirements of the proposed amendments to IFRS 19.
The IASB tentatively decided:
All 14 IASB members agreed with these decisions.
The IASB set a 120-day comment period for the catch-up exposure draft.
All 14 IASB members agreed with this decision.
All 14 IASB members confirmed they were satisfied the IASB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the catch-up exposure draft.
No IASB member indicated an intention to dissent from issuing the catch-up exposure draft.
Exposure Draft Feedback
SME Implementation Group September 2024