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IASB Update
The Board met on 24 – 25 March 2026, and the topics discussed were as follows:
Work plan overview
- IASB work plan update
Research and standard-setting
- Post-implementation Review of IFRS 16 Leases
- Equity Method
Maintenance and consistent application
- IFRS for SMEs Accounting Standard
IFRIC Update
The IFRS Interpretations Committee (IFRIC) met on 17 – 18 March 2026, and the topics discussed were as follows:
Committee's tentative agenda decisions
- Reassessment of Control (IFRS 10 Consolidated Financial Statements)
Agenda decisions for the IASB's consideration
- Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset) (IFRS 18 Presentation and Disclosure in Financial Statements)
- Economic Benefits from Use of a Battery under an Offtake Arrangement (IFRS 16 Leases)
- Fair Presentation and Compliance with IFRS Accounting Standards (IAS 1 Presentation of Financial Statements)
- Assessment of a Specified Main Business Activity for the Purposes of the Separate Financial Statements of a Parent (IFRS 18 Presentation and Disclosure in Financial Statements)
- Scope of the Requirement to Disclose Expenses by Nature (IFRS 18 Presentation and Disclosure in Financial Statements)
- Classification of Gains and Losses on a Derivative Managing a Foreign Currency Exposure (IFRS 18 Presentation and Disclosure in Financial Statements)
- Presentation of Taxes or Other Charges that Are Not Tax Expense or Tax Income Applying IAS 12 Income Taxes (IFRS 18 Presentation and Disclosure in Financial Statements)
- Updates to Committee’s agenda decisions for IFRS 18 Presentation and Disclosure in Financial Statements
Other matters
- Control Assessment for a Single-investor Fund (IFRS 10)
- Post-implementation Review of IFRS 9—Hedge Accounting
- Work in Progress
Access here for the IASB Update March 2026.
Access here for the IFRIC Update March 2026.