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IFRS® Accounting Standards

Updating the Subsidiaries Without Public Accountability: Disclosures Standard


The Accounting Standards Board (AcSB) is monitoring the International Accounting Standards Board’s (IASB) project, Updating the Subsidiaries without Public Accountability: Disclosures Standard

In developing the reduced disclosure requirements in the new IFRS Accounting Standard Subsidiaries without Public Accountability: Disclosures, the IASB considered the disclosure requirements in other IFRS Accounting Standards as of 28 February 2021. When the new Standard is issued, it will not contain reduced versions of any disclosure requirements that were added or amended after that date. Consequently, the IASB will consult by publishing an exposure draft setting out whether and how to reduce these post-28 February 2021 additions and amendments to disclosure requirements in the new Standard. 

Refer to the IASB’s Updating the Subsidiaries without Public Accountability: Disclosures Standard project page for more information. 

Staff Contact(s)

Mark Squire, CPA, CA Principal, Accounting Standards Board

Project Status

  • Information gathering
  • Approving project

    The IASB added the project to its workplan in November 2023​

    The IASB expects to publish an Exposure Draft in Q3 2024​

  • Engaging Communities
  • Deliberating feedback
  • Final pronouncement

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.