International update

IASB progress during October, November and December 2023

During October, November and December 2023, the IASB made progress on more than 14 different projects. The board spent most of its time on rate-regulated activities, the IFRS for SMEs [small and medium-sized entities] Standard and IFRS for Subsidiaries without Public Accountability. It also dealt with issues on its primary financial statements (PFS) project. Key developments on these topics are summarised below.