Accounting Standards Board Meeting 17 March 2022

Here is a summary of the main matters considered in the public session.

Amendments to Tier 3 and Tier 4 Standards

The Board reviewed and approved the Tier 3 and Tier 4 Consultation documents for not-for-profit (NFP) and public sector (PS) entities.

This included the approval of four Exposure Drafts:

• Proposed amendments to the Tier 3 (NFP) Standard;
• Proposed amendments to the Tier 3 (PS) Standard;
• Proposed improvements to the Tier 4 (NFP) Standard; and
• Proposed improvements to the Tier 4 (PS) Standard.

The documents for public consultation are available here.

This meeting summary refers to the work of the International Accounting Standards Board (IASB) and the International Public Sector Accounting Standards Board (IPSASB) and uses registered trademarks of the IFRS Foundation (for example, IFRS® Standards, IFRIC® Interpretations and IASB® papers).