We read the full IASB Update so you don't have to — triaged into what needs action, what's worth watching, and what you can safely skip.
The IASB met on 21–22 July 2026 and covered eight projects, from post-implementation reviews to Exposure Draft redeliberations. Most of it doesn't need anything from you right now. One item does.
The triage
| Topic | Status | Worth a closer read if... |
|---|---|---|
| Reverse factoring agenda decision withdrawn | Act now | ...you have reverse factoring arrangements — see below |
| IFRS 18 — presentation of non-income tax charges | Watch | ...you pay a tax that could be classified as a substitute for income tax |
| IFRS 16 — Post-implementation Review concluded | Watch | ...you're a lessee tracking whether remeasurement/discount-rate relief is coming |
| Equity Method (IAS 28) redeliberations | Watch | ...you're already tracking this Exposure Draft — it's nearing finalisation |
| Statement of Cash Flows — non-cash transactions | Watch | ...you regularly have material non-cash investing/financing transactions |
| IFRS 9 — Hedge Accounting Post-implementation Review | No action needed | ...you want to comment when the Request for Information opens in September 2026 |
| Business Combinations — disclosures, Goodwill and Impairment | No action needed | ...you want to track redeliberation progress |
| Intangible Assets | No action needed | no decisions were made |
The one that matters: reverse factoring
If you have supply chain financing (reverse factoring) arrangements, the guidance you may have been relying on to work out your disclosures no longer exists. The IASB has withdrawn its December 2020 agenda decision on Reverse Factoring, following a recommendation from the IFRS Interpretations Committee. Eleven of the twelve Board members agreed.
That agenda decision was the main practical guidance on how reverse factoring arrangements should be presented and disclosed under IAS 7 and IAS 1. With it gone, your existing disclosure isn't automatically wrong — but it's no longer resting on an explicit, citable basis.
The question isn't whether your disclosure was right under the old guidance. It's whether it still stands without it.
Check before year-end. Does your reverse factoring disclosure reference the withdrawn 2020 agenda decision directly, in policy or in the audit file? If so, can it stand on its own — argued from IAS 7 and IAS 1's general requirements rather than guidance that's no longer there? Worth raising with your auditor now, not after.
Everything else
The IFRS 16 and IFRS 18 items are worth a mental note rather than a meeting — projects in motion, nothing effective yet. The rest — Equity Method, Statement of Cash Flows, Business Combinations, Hedge Accounting, and Intangible Assets — had no decisions with a near-term consequence for preparers this cycle. Full detail on all eight topics is in the IASB Update, July 2026 on ifrs.org.
If reverse factoring — or anything else on the Board's agenda — touches your reporting, raise it with us directly.
This article is for information purposes only. W.consulting accepts no responsibility for reliance placed on it. For an official view on any issue, please contact us.
