Accounting Standards Board Meeting 28 March 2024

Key topics to be discussed in the public session are: 

• Financial Instruments with Characteristics of Equity (seeking approval to submit the drafted comment letter to the IASB in response to the Exposure Draft Financial Instruments with Characteristics of Equity–Proposed amendments to IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures, and IAS 1 Presentation of Financial Statements)
• Defer NZ IFRS 10 and NZ IAS 28 amendments (recommending the deferral of the amending standard Sale or Contribution of Assets between an Investor and its Associate or Joint Venture - Amendments to NZ IFRS 10 and NZ IAS 28, to a mandatory date of 1 January 2028)
• Subsidiaries without Public Accountability (seeking agreement to consult on incorporating IFRS 19 Subsidiaries without Public Accountability: Disclosures into New Zealand for for-profit entities and to further examine the implications of IFRS 19 for public benefit entity reporting once the final outcome of the for-profit consultation is known)
• Updates on the post implementation reviews of NZ IFRS 15 Revenue from Contracts with Customers and NZ IFRS 9 Financial Instruments – impairment.

Next NZASB meeting

Thursday 9 May 2024