Global Standards for the world economy

Monday 26 August 2019

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Project news


The Materiality project was discussed at the April 2016 IASB meeting

 20 April 2016


The Board met on 20 April 2016 to discuss the Materiality project and disclosures about restrictions on cash and about liquidity.


Agenda Paper 11A: Feedback Summary on Exposure Draft: IFRS Practice Statement Application of Materiality to Financial Statements

The Board discussed an overview of the comments received on the Exposure Draft of the IFRS Practice Statement: Application of Materiality to Financial Statements.

No decisions were made.

Agenda Paper 11B: Disclosures about restrictions on cash and about liquidity

The Board discussed the background information included in the Agenda Paper on disclosures about restrictions on cash and about liquidity.

No decisions were made.

Next steps

At a future meeting, the staff plan to:

  • provide a more detailed analysis of the feedback received on the Exposure Draft IFRS Practice Statement Application of materiality to
  • financial statements and seek the Board’s view on specific issues raised by respondents.
  • ask the Board to consider adding a project on cash restrictions or liquidity to its agenda.