This joint IASB–ISSB Update highlights preliminary decisions of the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB). Projects affected by these decisions can be found on the work plan. The IASB and ISSB's final decisions on IFRS® Accounting Standards, Amendments, IFRIC® Interpretations and IFRS® Sustainability Disclosure Standards are formally balloted as set out in the IFRS Foundation's Due Process Handbook.
The IASB and ISSB met in London on 25 January 2024.
Strategy and governance
ISSB Consultation on Agenda Priorities (Agenda Paper 2)
The IASB and ISSB (boards) met on 25 January 2024 to discuss feedback on the ISSB’s Request for Information Consultation on Agenda Priorities. Specifically, the boards discussed feedback on a potential project on integration in reporting and feedback on connectivity.
The ISSB’s Request for Information included questions on:
- the priority of a potential project on integration in reporting relative to the other three proposed sustainability-related projects that could be added to the ISSB’s work plan;
- whether that project, if considered a priority, should be undertaken as a formal joint project with the IASB or as an ISSB-led project (which could still draw on input from the IASB); and
- whether that project, if pursued, should build on the concepts from the IASB’s Exposure Draft Management Commentary, the Integrated Reporting Framework and other sources.
The Request for Information did not include a question on connectivity; however, respondents provided feedback on that topic.
The boards were not asked to make any decisions.
Next steps
The IASB will discuss the direction of the Management Commentary project. The ISSB will continue to discuss feedback on the Request for Information and make decisions on the matters raised in it.
