Global Standards for the world economy

Tuesday 20 August 2019

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Project news


The Standards-level review project was discussed at the December 2015 IASB meeting

 15 December 2015


The IASB met on 15 December 2015 to discuss the project on the Standards-level Review of Disclosures and the Amendments to IAS 7 Statement of Cash Flows, both of which are part of its Disclosure Initiative.

Agenda Paper 11A: Standards-level Review of Disclosures project—Initial phase proposal

The IASB discussed its project to review disclosures at a standards-level with a specific focus on:

  • the scope, approach and timing of the initial phase of the project;
  • the content, form and due process of a Drafting Guide for the IASB's internal use; and
  • the various options the IASB could consider as the next steps, after the initial phase is complete. The IASB noted that the initial phase does not involve a comprehensive review of existing disclosure requirements.

No decisions were made.

Agenda Paper 11B: Amendments to IAS 7—Sweep issues

The IASB discussed a sweep issue arising from the balloting process for the Amendments to IAS 7. The IASB tentatively decided that information disclosed to meet the disclosure objective should be clearly distinguished from other information that an entity chooses to disclose.

12 out of the 13 IASB members agreed with this decision.



Click here to view the papers for this meeting.