The IASB met in London on 19-20 June 2024 and held a joint education meeting with the US Financial Accounting Standards Board (FASB) on 21 June 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.
The following topics were discussed:
Management commentary: The IASB decided unanimously to finalise the project by making targeted refinements to the proposals in the exposure draft (ED).
Post-implementation review (PIR) of IFRS 16 Leases: The IASB discussed the objective, activities and expected time line for the first phase of the PIR.
Dynamic risk management: The IASB made decisions on capacity assessment and presentation requirements. The IASB also discussed disclosure requirements on the DRM model but did not make any decisions on those.
Equity method: The IASB decided on sweep issues identified from the review comments of the pre-ballot draft of the equity method
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