United States
The IASB has proposed an amended IFRS 17 transition requirement for entities that first apply IFRS 17 and IFRS 9 at the same time.
The IASB has proposed a standard that would permit certain subsidiaries to apply reduced disclosure requirements.
A recent IASB proposal addresses financial reporting situations in which exchangeability between two currencies is lacking.
The IASB has extended the application period for the IFRS 16 practical expedient for covid-19-related rent concessions.
We recently updated our U.S. GAAP vs. International Financial Reporting Standards comparisons on leases and interim reporting.
IFRS 9, Financial Instruments, replaced International Accounting Standard 39, Financial Instruments: Recognition and Measurement.