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IFRS News

Editorial analysis of the latest IFRS, IASB and ISSB developments — exposure drafts, amendments, and sustainability reporting.

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IASB UpdateIFRS 16IFRS 18

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

IASB UpdateEquity MethodIAS 28

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