The International Accounting Standards Board (IASB) has published its latest update summarizing preliminary decisions from its January 28–29, 2025 meetings. Discussions covered technical projects, research initiatives, and standard-setting efforts impacting IFRS Accounting Standards.
Key Highlights:
Pollutant Pricing Mechanisms – Decision deferred; remains on IASB’s reserve project list.
Business Combinations & Goodwill – Stakeholder feedback reviewed; redeliberations to follow.
IAS 7 Cash Flow Classification – No objections to the prospective agenda decision; update to be published.
Provisions Exposure Draft – 120-day comment period confirmed; deadline: March 12, 2025.
The IASB will continue refining its technical work plan, considering stakeholder feedback and industry developments to enhance financial reporting consistency.