At its November meeting, the IASB decided to postpone the introduction of IFRS 17 – Insurance Contracts for a year. This means that instead of coming into effect for reporting periods commencing as of 1 January 2021, the standard will eventually be of mandatory application to periods beginning on or after 1 January 2022.
On 31 October 2018, the IASB published a document entitled Share-based Payment — Research on Sources of Accounting Complexity on its website. This document summarises work performed and conclusions reached in the project.
As part of its Better Communication project, the IASB published amendments to IAS 1 and IAS 8 on 31 October 2018, to amend and clarify the definition of “material”.
At the end of its September meeting, the IFRS IC decided to publish two agenda decisions relating to IAS 23, Borrowing Costs.
On 25 June, the IASB a published a discussion paper presenting its current thinking on the Financial Instruments with the Characteristics of Equity project (FICE).