In March 2021, the International Accounting Standards Board (IASB) published the Exposure Draft Disclosure Requirements in IFRS Standards—A Pilot Approach. The Exposure Draft sets out a proposed new approach to developing and drafting disclosure requirements in IFRS Accounting Standards as well as new disclosure requirements for IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits. The comment period for the Exposure Draft ended in January 2022.
During the comment period, 50 companies participated in fieldwork by applying the proposed disclosure requirements for either or both of IFRS 13 and IAS 19. At its meeting in February 2022, the IASB discussed feedback from preparer fieldwork participants and users of financial statements. In May 2022, the IASB discussed feedback provided in comment letters on the Exposure Draft as well as preliminary views on the next steps for this project.
The IASB met on 18 July 2022 to explore possible ways of taking the project forward in the light of the feedback on its Exposure Draft Disclosure Requirements in IFRS Standards—A Pilot Approach.
The IASB was not asked to make any decisions.