IFRS News
Editorial analysis of the latest IFRS, IASB and ISSB developments — exposure drafts, amendments, and sustainability reporting.
IFRS 16 PIR Concludes, IFRS 18 Tax
The IASB concluded its Post-implementation Review of IFRS 16 Leases, unanimously agreeing the standard is working as intended, while opening two new narrow-scope projects on lease cost mitigation and rent concessions. Separately, the Board voted 10-2 to require entities to classify certain non-income tax charges within the income taxes line of profit or loss under IFRS 18.
22 Jul 2026
IAS 28 Fair Value Option Amendments
On 26 June 2026, the IASB issued amendments to IAS 28 Investments in Associates and Joint Ventures that clarify the conditions under which an entity may elect to measure investments in associates or joint ventures at fair value through profit or loss (FVTPL) rather than applying the equity method. The amendments resolve long-standing diversity in practice around the scope of the optional exemption and the circumstances in which the election can be made.
26 Jun 2026
IFRS 20 Implementation Guidance
Following the issue of IFRS 20 Regulatory Assets and Regulatory Liabilities on 27 May 2026, the IFRS Foundation has released video guidance and supporting materials to help rate-regulated entities begin their implementation journey. Effective for annual periods beginning on or after 1 January 2029, IFRS 20 requires significant changes to systems, data, and financial statement presentation for utilities, telecommunications operators, and other regulated infrastructure entities.
24 Jun 2026
IFRIC Agenda Decisions — Volume 14
The IFRS Interpretations Committee has published the 14th Compilation of Agenda Decisions, covering the period from November 2025 to April 2026. The volume contains eight new agenda decisions — four relating to IFRS 18 Presentation and Disclosure in Financial Statements — and updates to six previously published decisions across IFRS 8, IFRS 9, IAS 1, IAS 7 and IAS 41.
29 May 2026
IASB Issues IFRS 20 Regulatory Assets
On 27 May 2026, the IASB issued IFRS 20 Regulatory Assets and Regulatory Liabilities, superseding IFRS 14 and effective for annual periods beginning on or after 1 January 2029. The standard fills a gap in IFRS reporting by requiring entities subject to rate regulation to recognise regulatory assets and liabilities arising from timing differences between IFRS 15 revenue and total allowed compensation. Measurement uses a cash-flow-based technique discounted at the regulatory interest rate.
27 May 2026
IAS 28 Ballot, Equity Method Reforms
The IASB met on 18-20 May 2026 and reached tentative decisions across six projects. The headline outcome is an accounting policy choice for gains and losses on transactions with associates under the Equity Method project, alongside withdrawal of the 2014 Sale or Contribution amendments. IAS 28 fair value option amendments are cleared for ballot and expected to be issued in mid-2026.
26 May 2026
FASB–IASB Joint Education Meeting June 2026
The IASB and FASB have published the agenda and supporting papers for their 5 June 2026 joint education meeting. The meeting addresses convergence topics and areas of ongoing divergence between IFRS and US GAAP. While education meetings do not result in decisions, they shape the direction of future standard-setting and are closely watched by multinational preparers.
22 May 2026
ISSB Update May 2026: IFRS S1 & S2 Adoption
The ISSB's May 2026 Update summarises the latest Board meeting, with Chair Emmanuel Faber and Vice-Chair Sue Lloyd highlighting growing international momentum for IFRS S1 and IFRS S2 adoption. An increasing number of jurisdictions are moving toward mandatory application of the sustainability disclosure standards. Preparers should assess readiness gaps well ahead of local effective dates.
20 May 2026
IFRS 9 Risk Mitigation ED Extended
The IASB has extended the comment deadline on its Exposure Draft proposing a new Risk Mitigation Accounting model under IFRS 9. The ED introduces an alternative accounting approach for entities that manage interest rate risk on a portfolio basis using derivatives. Finance teams with significant hedging programmes should prioritise reviewing the proposals before the revised deadline.
19 May 2026
IFRS for SMEs Consolidation Exception
The IASB has issued an Exposure Draft proposing targeted amendments to the IFRS for SMEs Accounting Standard that would broaden the consolidation exception. SMEs meeting specified criteria could be exempt from preparing consolidated financial statements, reducing reporting burden for qualifying entities. Stakeholders are invited to submit comments before the deadline.
12 May 2026
ISSB Nature Disclosures April 2026
On 22 April 2026, the ISSB agreed on a proposed way forward for incorporating nature-related financial disclosures into the IFRS Sustainability Disclosure Standards framework. The decision marks a significant step toward formal standards-level guidance on biodiversity, ecosystems, and natural capital — areas that investors and regulators have increasingly flagged as financially material for a broad range of industries.
22 Apr 2026