News
IFRS Foundation proposes update to IFRS Taxonomy 2024
The IFRS Foundation has issued a proposed IFRS Taxonomy Update, 'IFRS Accounting Taxonomy 2024 — Proposed Update 1 'IFRS 18 'Presentation and Disclosure in Financial Statements''.
120 signatories call for commitment from jurisdictions to adopt the ISSB standards
120 investors, companies, industry associations and stock exchanges have signed a call for commitment from relevant authorities across jurisdictions to adopt the ISSB standards. The endorsed statement was developed jointly by the London Stock Exchange Group (LSEG), the Principles for Responsible Investment (PRI), the United Nations Sustainable Stock Exchanges initiative (UN SSE) and the World Business Council for Sustainable Development (WBCSD).
May 2024 ISSB meeting notes posted
The ISSB met on 16 May 2024 in Montreal. We have posted our comprehensive Deloitte observer notes for the project discussed during the meeting.
ISSB publishes webcasts on current and anticipated effects
The International Sustainability Standards Board (ISSB) has published two webcasts on the disclosure requirements related to current and anticipated effects of sustainability-related risks and opportunities on an entity's financial position, financial performance and cash flows.
IASB webcast on power purchase agreements
The IASB has released a webcast on its exposure draft IASB/ED/2024/3 'Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7)'.
Recording of the first IASB webinar on IFRS 18 implementation
On 16 May 2024, the IASB offered the first of a series of live webinars aimed at facilitating a comprehensive understanding of the recently issued IFRS 18 'Presentation and Disclosure in Financial Statements'.
ISSB issues podcast on latest developments (May 2024)
The International Sustainability Standards Board (ISSB) has released a podcast hosted by ISSB Chair Emmanuel Faber and ISSB Vice-Chair Sue Lloyd discussing the latest developments around the ISSB.
Summary of the April 2024 SCC meeting
The Sustainability Consultative Committe (SCC) met via video conference call on 29 April 2024. A summary of the meeting is now available.
IFRS Foundation to launch webcast series on sustainability disclosures
The IFRS Foundation has announced a new webcast series titled 'Perspectives on sustainability disclosure' with the first webinar to take place on 30 May 2024.
Summary of the March 2024 DPOC meeting
The Due Process Oversight Committee (DPOC) met via video conference call on 21 March 2024. A summary of the meeting is now available.
SEC publishes statement on the application of IFRS 19
The US Securities and Exchange Commission (SEC) has published a statement setting out that when financial statements that apply IFRS 19 'Subsidiaries without Public Accountability: Disclosures' are included in SEC filings, these likely need to be supplemented with additional disclosures.
Pre-meeting summaries for the May 2024 IASB meeting
The IASB will meet in London on 20 and 22 May 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. We summarised the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.
IFRS Foundation publishes updated guide on using the IR Framework with the ISSB standards
The IFRS Foundation has updated its guide titled 'Transition to integrated reporting: A guide to getting started' to help entities implement IFRS S1 and IFRS S2.
European Union formally adopts amendments to IAS 7 and IFRS 7
The European Union has published a Commission Regulation endorsing 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' issued by the IASB in May 2023.
GRI starts new publication series on the CSRD
The Global Reporting Initiative (GRI) has set up a new publication series titled 'CSRD Essentials'. In the series, GRI explores the EU mandatory sustainability reporting requirements under the Corporate Sustainability Reporting Directive (CSRD).
ICAS and IRC examine the materiality concept in financial and sustainability reporting
The Institute of Chartered Accountants of Scotland (ICAS) and the Integrated Reporting Committee of South Africa (IRC) have each published documents that discuss the concept of materiality in financial and sustainability reporting.
ISSB opens permanent Montreal office
The International Sustainability Standards Board (ISSB) has opened a permanent office in Montreal to cement its presence in Canada.
Agenda for the May 2024 Management Commentary Consultative Group meeting
The Management Commentary Consultative Group of the IFRS Foundation will meet via video conference call on 21 May 2024. An agenda for the meeting is now available.
Pre-meeting summaries for the May 2024 ISSB meeting
The ISSB will meet in Montreal on 16 May 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the ISSB’s decision making more closely. We summarised the agenda papers made available by the ISSB staff and point out the main issues to be discussed by the ISSB and the staff recommendations.
IASB continues webcast series on proposed enhancements to disclosure requirements for business combinations
The IASB has released the second webcast in its series aimed at discussing and seeking feedback on Exposure Draft ‘Business Combinations — Disclosures Goodwill and Impairment’. The webcast series focuses on improving the transparency and quality of information provided by companies regarding acquisitions, while also considering the feasibility of implementation from a cost perspective.