In response to stakeholders’ demands for more relevant and effective disclosures in the financial statements, the IASB has proposed a new approach to developing the disclosure requirements in IFRS Standards. In March 2021, the IASB released Exposure Draft – Disclosure Requirements in IFRS Standards – A Pilot Approach, which includes the proposed guidance for the IASB to be followed when developing and drafting disclosure requirements. The Exposure Draft also includes the proposed amendments to the disclosure requirements in IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits, which have been developed following the new approach. The Bulletin provides a brief background of ‘the disclosure problem’ that the IASB is proposing to remediate with the new approach and summarises the requirements of the Exposure Draft.
The publication may be accessed here: Disclosure Requirements in IFRS Standards – A Pilot Approach.
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