IASB and ISSB to discuss feedback to the ISSB’s Agenda Consultation on a potential ‘integration in reporting’ project

On 25 January 2024, the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB) will hold a joint meeting to discuss feedback received in response to the ISSB’s Request for Information Consultation on Agenda Priorities—specifically, that related to a potential project on ‘integration in reporting’.

The discussion at this joint meeting may be of interest to stakeholders in the integrated reporting landscape.

Reflecting on feedback

At the joint meeting, the IASB and ISSB will discuss summaries of feedback on a potential research project on integration in reporting and on connectivity.

The boards will not be asked to make decisions at this meeting.

Members of the Integrated Reporting and Connectivity Council (IRCC) will also reflect on the feedback received and provide their advice in light of this feedback to the IASB and ISSB later this month.

The ISSB began discussing feedback on its agenda consultation in November 2023 and is expected to make decisions on its next two-year agenda in the first half of 2024.

Connectivity: An important aspect of the IASB and ISSB work

Connectivity is essential to the work of the IASB and ISSB.

The boards and their technical staff coordinate their work and establish processes to ensure that their respective Standards are compatible and work well together as a package to enable holistic, comprehensive and coherent general purpose financial reports.

Encouraging continued use of the Integrated Reporting Framework

The Chairs of the IASB and ISSB encourage the ongoing use of the Integrated Reporting Framework. Integrated reporting promotes a more cohesive and efficient approach to corporate reporting and aims to improve the quality of information available to providers of financial capital to enable a more efficient and productive allocation of capital.

Last year, the IFRS Foundation published a new mapping tool focused on how to apply the Integrated Reporting Framework with IFRS S1 and IFRS S2.

For more information about the joint IASB/ISSB meeting, including the agenda, papers and link to watch online, please visit the meeting webpage.

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