IASB Update June 2019

Released 21 June 2019

On the 17th June 2019 the International Accounting Standards Board met to discuss a number of issues for future developments of international standards.

The board has agreed to create a discussion paper by the end of 2019 to issue a request for information which will propose that IFRS 13 Fair value Measurement, IFRS 9 Financial Instruments and IFRS 16 Leases all be incorporated into IFRS for SMEs with some simplifications.

The full transcript is available on the IFRS website, as well as in full from Croner-i Tax and Accounting.

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