Updated 6 September 2026 · Reviewed by IFRS Buddy Editorial Team
Post-implementation Review of IFRS 16 Leases — 21 July 2026. The IASB concluded that the requirements in IFRS 16 Leases are overall working as intended (all 12 agreed). It confirmed its previous tentative decisions to: add a research project exploring how to mitigate higher-than-expected ongoing costs for lessees, focused on reducing the frequency of lease liability remeasurements and simplifying discount rate mechanics; add a narrow-scope project, undertaken jointly with that research project, clarifying how a lessee applies IFRS 16 and IFRS 9 Financial Instruments to a rent concession where the lessor forgives lease payments with no other change to the contract; consider the priority of a project on the effects of applying IFRS 16 and IFRS 10 Consolidated Financial Statements to the sale and leaseback of an asset in a single-asset entity together with other corporate-wrapper matters in the next agenda consultation; and remove that sale-and-leaseback matter from the maintenance project pipeline. It also decided not to take action on other stakeholder feedback identified in response to Questions 2–6 of the Request for Information (all 12 agreed). The IASB confirmed its previous tentative decision to explore, within the Statement of Cash Flows and Related Matters project, requiring lessees to disclose the components of total lease cash outflow together with the statement of cash flows line item in which each component is presented (11 of 12 agreed). It further decided that sufficient work has been completed to conclude the Post-implementation Review and to prepare a project summary and feedback statement (all 12 agreed). Next step: subject to Due Process Oversight Committee approval, the IASB will publish the project summary and feedback statement in the fourth quarter of 2026.
Equity Method (IAS 28) — Disclosures, Transition, and Sweep Issues — 22 July 2026. Continuing redeliberation of the Exposure Draft Equity Method of Accounting — IAS 28 (revised 202x). On disclosures for transactions with associates, the IASB tentatively decided to require an entity to disclose its accounting policy choice for recognising gains or losses from such transactions (all 12 agreed); to require an investor choosing full recognition to disclose gains or losses from 'downstream' transactions, and an investor choosing restricted recognition to disclose gains or losses from both 'downstream' and 'upstream' transactions (8 of 12 agreed); to expand the disclosure objective in IFRS 12 paragraph 20 covering how investors determine which transactions with associates give rise to disclosable gains or losses (9 of 12 agreed); to require investors to disclose the nature of transactions with associates and whether they are included in the gains/losses disclosure (9 of 12 agreed); and to provide an exemption from disclosing gains and losses only where the information can be attributed to an individual associate and the transactions are part of the investor's ordinary activities (7 of 12 agreed). The Board decided not to prescribe whether the reconciliation of restricted gains and losses is disclosed separately from or combined with the associate carrying-amount reconciliation (all 12 agreed), and not to change its earlier tentative decision to require disclosure of that reconciliation (10 of 12 agreed).
On transition, the IASB confirmed its Exposure Draft proposal to require retrospective application of a change in accounting policy for recognising gains or losses from transactions with associates, subject to reliefs (8 of 12 agreed); to provide relief from retrospective application where it would involve undue cost or effort (all 12 agreed); and to clarify that the retrospective requirement applies only to the unrecognised portion of a previously restricted gain or loss at the transition date (10 of 12 agreed) — while deciding not to make that requirement subject to the IAS 8 impracticability exemption (all 12 agreed). It confirmed other Exposure Draft transition proposals covering contingent consideration (fair-valued only for outstanding obligations at the transition date), impairment of an investment in an associate at the transition date, prospective application of all other requirements from the effective date, and reliefs from restating additional prior periods or disclosing certain transition effects (all unanimous). It also tentatively decided to add a new transition requirement for an investor with unrecognised losses at the transition date — an adjustment to opening retained earnings and a corresponding decrease in the investment's carrying amount, capped at the lower of the unrecognised losses or the carrying-amount increase from the Exposure Draft's transition requirements (11 of 12 agreed) — and to apply these transition requirements consistently to the related amendments in IFRS 10 and IAS 27 Separate Financial Statements (all 12 agreed). For first-time adopters, the Board tentatively decided to clarify that the IFRS 1 paragraph C5 exemption for past acquisitions of investments in associates also applies to purchasing an additional ownership interest while retaining significant influence, and not to add any other IFRS 1 transition requirements for the IAS 28 amendments (all 12 agreed).
On sweep issues, the IASB tentatively decided not to require full recognition of gains or losses from transfers of a business within the separate-financial-statements policy choice for subsidiaries (all 12 agreed); not to add measurement requirements for a retained interest when an investor loses control of a subsidiary without a business, to an associate (8 of 12 agreed); and not to add requirements on 'sidestream' transactions (all 12 agreed). It confirmed removing from IAS 28 the requirement to include a bargain purchase gain in determining an entity's share of an associate's or joint venture's profit or loss (all 12 agreed), decided to withdraw three superseded Agenda Decisions (on IAS 28/IFRS 3/IAS 27 interaction from 2008, and two IAS 39 decisions from 2005 and 2009), and to amend the 2018 Agenda Decision on contributing property, plant and equipment to an associate (all 12 agreed). Next step: the IASB will discuss due process requirements for issuing the revised Standard.
Intangible Assets — 22 July 2026. The IASB discussed potential changes to aspects of the definition of an intangible asset and the supporting requirements, including a model it is developing for customer accounting for intellectual property licensing contracts, tested against a cloud-based software-as-a-service (SaaS) delivery contract. No decisions were made. Next step: continue discussing potential changes to IAS 38 Intangible Assets, based on further test cases.
Business Combinations — Disclosures, Goodwill and Impairment — 21 July 2026. The IASB continued deliberating proposals in the Exposure Draft Business Combinations—Disclosures, Goodwill and Impairment, discussing an updated package of disclosures about the performance of a business combination. It directed the staff to explore further the type of subsequent performance information an entity would be required to disclose as part of that updated package (10 of 12 agreed). Next step: continue redeliberating the Exposure Draft proposals.
Statement of Cash Flows and Related Matters — 22 July 2026. On non-cash transactions, the IASB tentatively decided to propose in a future Exposure Draft: application guidance clarifying the non-cash transactions within the scope of IAS 7 paragraphs 43–44, including examples of in-scope and out-of-scope non-cash changes (11 of 12 agreed); a disclosure objective requiring information about non-cash transactions that enables investors to understand changes in an entity's net assets and its ability to generate future cash flows (all 12 agreed); disclosure of non-cash transactions in a single note (11 of 12 agreed); and new disclosure requirements covering a list of non-cash transactions with cross-references (11 of 12 agreed), the transaction amount and related investing/financing/operating activity information (11 of 12 agreed), and the combined effect of non-cash transactions alongside similar cash transactions on assets, liabilities and equity (10 of 12 agreed). It further decided to require this information in a structured format such as a table (11 of 12 agreed), and to require an entity to explain the nature of related-note information cross-referenced where transaction amounts are not separately identifiable (10 of 12 agreed). On the statement of cash flows for financial institutions, the IASB discussed a plan prioritising research and stakeholder engagement on the scope of entities affected and possible exemptions from some or all cash flow statement presentation requirements; no decisions were made. Next step: continue considering how to improve financial reporting for each topic in the project plan.
Post-implementation Review of IFRS 9—Hedge Accounting — 21 July 2026. The IASB discussed feedback gathered in the first phase of the Post-implementation Review of IFRS 9 hedge accounting requirements, a review of relevant academic literature, and what questions to include in a Request for Information. It tentatively decided to include separate questions on the hedge accounting requirements in IFRS 9 and the related disclosure requirements in IFRS 7 Financial Instruments: Disclosures, assessing whether those requirements meet their objectives, whether the benefits to users of the resulting information are as expected, and whether the costs of applying, auditing and enforcing them are as expected (all 12 agreed). Next steps: the IASB expects to approve publication of the Request for Information and set a comment period, with publication planned for September 2026.
Presentation of Taxes or Other Charges that Are Not Tax Expense or Tax Income Applying IAS 12 (IFRS 18) — 21 July 2026. The IASB further discussed alternative approaches for amending IFRS 18 to require an entity to classify specific tax charges in the income taxes category of the statement of profit or loss. It tentatively decided to propose amending IFRS 18 to require an entity to classify, in the income taxes category, tax charges imposed by a government as a direct substitute for income taxes — but only where legislation specifies that the entity pays either an income tax or a specified tax charge (10 of 12 agreed). Where an entity classifies such other tax charges in the income taxes category, the IASB tentatively decided to require it to disaggregate those charges from income taxes in the statement of profit or loss, disclose their nature, amount and calculation basis, and label the relevant subtotal — profit before financing and income taxes, or profit before income taxes — so as to faithfully represent the amounts included (11 of 12 agreed). For management-defined performance measures, it tentatively decided to require disclosure of the effect of these other tax charges for each reconciling item, while allowing any reasonable method to determine that effect, and to amend IFRS 18 paragraphs B63–B64 accordingly (11 of 12 agreed). The Board tentatively decided not to amend the IFRS 18 requirements relating to income tax recognised in other comprehensive income (10 of 12 agreed). Next step: discuss the remaining aspects of the proposed amendments.
Reverse Factoring Agenda Decision — Updates to Committee's Agenda Decisions for IFRS 18 — 21 July 2026. Following targeted outreach on withdrawing the Agenda Decision Supply Chain Financing Arrangements—Reverse Factoring (as recommended by the IFRS Interpretations Committee in November 2025), the IASB decided to withdraw that Agenda Decision (11 of 12 agreed).
IFRIC Update June 2026 — 21 July 2026. The IASB received an update on the Committee's June 2026 meeting. No decisions were taken.
Post-implementation Review of IFRS 16 Leases — Concluded: requirements confirmed as working as intended; project summary and feedback statement expected Q4 2026, alongside two new pipeline projects (lessee cost-mitigation research and rent-concession narrow-scope amendment).
Equity Method (IAS 28) — Disclosure, transition, and sweep-issue decisions substantially completed this month; next step is due process for issuing the revised Standard.
Intangible Assets (IAS 38) — Research ongoing on the definition of an intangible asset and customer accounting for IP licensing, using SaaS test cases.
Business Combinations — Redeliberation ongoing; disclosure package for business combination performance being refined.
Statement of Cash Flows (IAS 7) — Active standard-setting; new non-cash transaction disclosure requirements tentatively decided; financial-institution scoping work planned.
Post-implementation Review of IFRS 9—Hedge Accounting — Feedback and literature review complete; Request for Information planned for September 2026 publication.
IFRS 18 / Non-Income Tax Presentation — Substantial tentative decisions reached on classification, disaggregation, and disclosure of non-income tax charges.
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