Since the start of the Covid-19 pandemic, the International Accounting Standards Board has naturally focused on measures to alleviate the burden. However, it would appear that ‘business as usual’ projects are starting to come back into play.

There has, for example, been a reinforcement on IFRS 17 Insurance Contracts confirming its approach and explaining the reasons behind this. The IASB is also focusing efforts on exploring management commentary.

IFRS 17: Annual cohorts