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This IASB Update highlights preliminary decisions of the International Accounting Standards Board (IASB). Projects affected by these decisions can be found on the work plan. The IASB's final decisions on IFRS® Accounting Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the IFRS Foundation's Due Process Handbook.

The IASB met on 18–19 February 2025. 

The IASB and ISSB met on 19 February 2025.

Contents

Research and standard-setting

Maintenance and consistent application

Research and standard-setting

Financial Instruments with Characteristics of Equity (Agenda Paper 5)

The IASB met on 18 February 2025 to discuss possible changes to the presentation and disclosure requirements proposed in the Exposure Draft Financial Instruments with Characteristics of Equity in response to stakeholder feedback. The IASB discussed:

  • possible approaches for the presentation of equity instruments; and
  • possible refinements to the proposed disclosure requirements.

The IASB was not asked to make any decisions.

Next step

The IASB will consult stakeholder groups on the possible changes to the proposed presentation and disclosure requirements.

Amortised Cost Measurement (Agenda Paper 11)

The IASB met on 19 February 2025 to discuss the project plan. In particular, the IASB discussed:

  • the feedback from its consultative groups on the project's objectives, approach and scope;
  • a plan for meetings with preparers to gather information about the causes of application issues; and
  • a tentative project timeline outlining the expected start of the IASB’s deliberations on each area.

The IASB was not asked to make any decisions.

Next step

The IASB will start its discussion on application issues within the scope of this project. 

Intangible Assets (Agenda Paper 17)

The IASB met on 18 February 2025 to discuss:

  • a summary of feedback from meetings with stakeholders;
  • a summary of responses to IASB surveys from users of financial statements and other stakeholders; and
  • a summary of other research and activities.

The IASB was not asked to make any decisions.

Next steps

The IASB will discuss an analysis of the feedback and other evidence gathered in the initial stage of the project, and it will then consider how best to advance the project.

Business Combinations—Disclosures, Goodwill and Impairment (Agenda Paper 18)

The IASB met on 19 February 2025 to redeliberate the project’s objective and its approach to achieving that objective.

The IASB tentatively decided: 

  1. to retain the project’s objective but to adjust its wording to reflect the stage of the project; and
  2. to retain its approach to achieving the project objective by continuing to only consider:
    1. requiring an entity to disclose information about the performance of a business combination and quantitative information about synergies expected from a business combination;
    2. requiring some of the information described in (i) only for a subset of business combinations;
    3. exempting an entity from disclosing some of the information described in (i) in some situations;
    4. proceeding with the other amendments to the disclosure requirements in IFRS 3 Business Combinations that were proposed in the Exposure Draft Business Combinations—Disclosures, Goodwill and Impairment;
    5. making some targeted improvements to the impairment test in IAS 36 Impairment of Assets to help mitigate management over-optimism and shielding, and to reduce cost and complexity; and
    6. making other amendments that might be necessary because of (i)–(v), for example, amendments to transition requirements in IFRS 3 and IAS 36 and to IFRS 19 Subsidiaries without Public Accountability.

All 14 IASB members agreed with these decisions. 

Next step

The IASB will continue its discussions on the project, including discussions about requiring entities to disclose information about performance and expected synergies.

Maintenance and consistent application

Updating IFRS 19 Subsidiaries without Public Accountability: Disclosures (Agenda Paper 32) 

The IASB met on 18 February 2025 to discuss feedback on its proposals in the Exposure Draft Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.

After considering the feedback, the IASB tentatively decided to retain its proposals relating to:

  1. IFRS 18 Presentation and Disclosure in Financial Statements.
    All 14 IASB members agreed with this decision.
  2. lack of exchangeability.
    Ten of 14 IASB members agreed with this decision.

The IASB tentatively decided to change its proposals relating to:

  1. supplier finance arrangements by:
    1. withdrawing the proposed new paragraph 167A of IFRS 19, which would have defined a supplier finance arrangement; and
    2. deleting paragraph 168(b)(iii) of IFRS 19, which requires an entity to disclose the range of payment due dates for both the financial liabilities it has disclosed in accordance with paragraph 168(b)(i) and the comparable trade payables that are not part of a supplier finance arrangement.
  2. Pillar Two model rules by adding the phrase ‘known or reasonably estimable’ to paragraph 199 of IFRS 19. 
    Thirteen of 14 IASB members agreed with these decisions.
  3. financial instruments classification and measurement by deleting paragraph 56C and the second sentence of paragraph 56A of IFRS 19.
    All 14 IASB members agreed with this decision.

Next steps

The IASB will decide whether to begin the balloting process for the amendments to IFRS 19. The IASB plans to issue these amendments in the second half of 2025.