The Accounting Standards Board (AcSB) participated in the International Accounting Standards Board’s (IASB) project, Updating IFRS 19 Subsidiaries without Public Accountability: Disclosures.
In developing the reduced disclosure requirements in the new IFRS Accounting Standard, IFRS 19 Subsidiaries without Public Accountability: Disclosures, the IASB considered the disclosure requirements in other IFRS Accounting Standards as of February 28, 2021. When the new standard was issued, it did not contain reduced versions of any disclosure requirements that were added or amended after that date. Consequently, the IASB published an exposure draft that set out whether and how to reduce these additions and amendments to disclosure requirements in the new standard post – February 28, 2021.
Refer to the IASB’s Updating IFRS 19 Subsidiaries without Public Accountability: Disclosures project page for more information.