In July 2024 the International Accounting Standards Board (IASB) published its Exposure Draft Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures. The IASB is proposing to update IFRS 19. The Standard, issued in May 2024, permits eligible subsidiaries to apply IFRS Accounting Standards with reduced disclosure requirements.
In developing the reduced disclosure requirements in IFRS 19, the IASB considered the disclosure requirements in other IFRS Accounting Standards as of 28 February 2021. When the Standard was issued, it did not contain reduced versions of any disclosure requirements that were added or amended after that date. Therefore, the IASB is now consulting, through the Exposure Draft, on whether and how to reduce these disclosure requirements in IFRS 19. The IASB is also asking for views on whether to reduce the disclosure requirements from the prospective IFRS Accounting Standard Regulatory Assets and Regulatory Liabilities.
This Exposure Draft is open for public consultation until 27 November 2024.
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