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Pre-meeting summaries for the March 2024 IASB meeting
15 Mar 2024
The IASB will meet in London on 18-21 March 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.
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IASB proposes enhanced information on acquisitions
14 Mar 2024
The International Accounting Standards Board (IASB) has published an exposure draft IASB/ED/2024/1 'Business Combinations — Disclosures, Goodwill and Impairment (Proposed amendments to IFRS 3 and IAS 36)'. Comments are requested by 15 July 2024.
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Agenda for the March 2024 ASAF meeting
12 Mar 2024
The IFRS Foundation has released an agenda and meeting papers for the meeting of the Accounting Standards Advisory Forum (ASAF), which will be held in London on 25-26 March 2024.
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Pre-meeting summaries for the March 2024 ISSB meeting
11 Mar 2024
The ISSB will meet in Frankfurt on 13 March 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.
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IFRS Interpretations Committee holds March 2024 meeting
11 Mar 2024
The IFRS Interpretations Committee (IFRS IC) met in London on 5 March 2024. The IFRS IC discussed the finalisation of two agenda decisions and gave input into one IASB project.
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March 2024 IASB meeting agenda posted
08 Mar 2024
The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 18–21 March 2024. There are 11 topics on the agenda.
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SEC adopts rule that will require entities to disclose climate-related information
06 Mar 2024
In a public meeting held today, the US Securities and Exchange Commission (SEC) has voted to adopt a rule titled 'The Enhancement and Standardization of Climate-Related Disclosures for Investors'.
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March 2024 ISSB meeting agenda posted
06 Mar 2024
The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in Frankfurt on 13 March 2024. The ISSB will discuss its consultation on agenda priorities — strategic direction and balance of the ISSB’s activities.
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IFRS Foundation conference announced
06 Mar 2024
The IFRS Foundation has announced its annual IFRS Foundation conference, which is to be held on 24–25 June 2024. The conference with include discussions and speeches on both, IASB and ISSB developments. It will be held in London.
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MB discusses the ongoing activities of the IFRS Foundation
05 Mar 2024
The IFRS Foundation Monitoring Board (MB) has released a report on the meeting with the IFRS Trustees and the leadership of the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB) in Madrid, Spain.
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GHG Protocol releases draft summaries of Scope 3 Standard feedback
15 Mar 2024
The Greenhouse Gas (GHG) Protocol secretariat has released a draft summary report providing a detailed overview of stakeholder feedback from a survey it conducted on its Scope 3 Standard. In addition, the secretariat has released a proposal summary giving an overview of proposal submissions related to the Scope 3 Standard.
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CSSB publishes exposure drafts for first Canadian Sustainability Disclosure Standards
14 Mar 2024
The Canadian Sustainability Standards Board (CSSB) has published its proposals for the first Canadian Sustainability Disclosure Standards (CSDSs) based on IFRS S1 and IFRS S2. The consultation period is open until 10 June 2024.
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C&S annual report reveals increase in sustainability policies
12 Mar 2024
Carrots & Sticks (C&S) has published the 2023 edition of its annual report, which presents a comprehensive assessment of environmental, social and governance (ESG) and sustainability policy worldwide. The report highlights the expanding nature of ESG and sustainability policies since 2020.
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New and revised pronouncements as at 31 March 2024
08 Mar 2024
Our popular summary of new and revised financial reporting requirements, updated for financial reporting periods ending on 31 March 2024. This listing can be used to perform a quick check that new financial reporting requirements such as new and revised accounting standards and interpretations, and amendments to standards and interpretations, have been fully considered in the reporting close process. The information below can also be used to assist with the disclosure requirements under paragraph 30 of IAS 8 'Accounting Policies, Changes in Accounting Estimates and Errors', which requires entities to disclose any new IFRSs that are in issue but not yet effective and which are likely to impact the entity.
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Singapore consults on incorporation of ISSB standards
07 Mar 2024
The Singapore Exchange Regulation (SGX RegCo) has published a consultation paper titled 'Sustainability Reporting: Enhancing Consistency and Comparability'. The consultation period is open until 5 April 2024.
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Agenda for the March 2024 TIG meeting
06 Mar 2024
The IFRS Foundation has released an agenda and meeting papers for the meeting of the Transition Implementation Group on IFRS S1 and IFRS S2 (TIG), which will be held in Frankfurt, Germany on 15 March 2024.
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Central Bank of India publishes draft disclosure framework for climate-related financial risks
04 Mar 2024
India's Central Bank, the Reserve Bank of India (RBI), has published a draft disclosure framework for regulated banks on climate-related financial risks. The comment period for the draft framework ends on 30 April 2024.
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Fifth IVSC perspectives paper on intangible assets
04 Mar 2024
The International Valuation Standards Council (IVSC) is publishing a series of perspectives papers 'Time to get Tangible about Intangible Assets' that notes that despite the importance of intangible assets to the capital markets, only a small percentage are recognised on balance sheets.
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EFRAG publishes second set of technical explanations on ESRSs
01 Mar 2024
EFRAG (formerly European Financial Reporting Advisory Group) has published the second set of technical explanations to assist stakeholders in the implementation of the European Sustainability Reporting Standards (ESRSs).
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Agenda for March 2024 CMAC meeting
29 Feb 2024
Representatives from the International Accounting Standards Board (IASB) will meet with both the Capital Markets Advisory Council (CMAC) in a hybrid conference on 8 March 2024. The agenda for the meeting has been released.
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iGAAP in Focus — Financial reporting: IASB proposes amendments to improve reporting on acquisitions
published 18 Mar 2024
On 14 March 2024, the IASB published an exposure draft IASB/ED/2024/1 'Business Combinations — Disclosures, Goodwill and Impairment (Proposed amendments to IFRS 3 and IAS 36)'. It contains proposed amendments that aim at enhanced information on acquisitions. This newsletter outlines the proposed amendments.
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Heads Up — Comprehensive Analysis of the SEC’s Landmark Climate Disclosure Rule
published 15 Mar 2024
This Heads Up examines the SEC’s March 6, 2024, final rule in detail. The final rule requires registrants to provide climate-related disclosures in their annual reports and registration statements, including those for initial public offerings, and is effective beginning with annual reports for the year ending December 31, 2025, for calendar-year-end large accelerated filers.
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iGAAP in Focus — European sustainability reporting: EFRAG proposes ESRS for listed small- and medium-sized enterprises
published 15 Mar 2024
This 'iGAAP in Focus' outlines the exposure draft 'ESRS for listed small- and medium-sized enterprises' that was published by EFRAG on 22 January 2024.
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iGAAP in Focus — Sustainability reporting: SEC adopts rule that requires climate-related disclosures
published 08 Mar 2024
In March 2024, the SEC adopted a final rule that requires registrants to provide climate-related disclosures in their annual reports and registration statements. This newsletter explains the contents of the rule.
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Heads Up — Executive Summary of the SEC’s Landmark Climate Disclosure Rule
published 07 Mar 2024
This Heads Up briefly highlights key provisions of the SEC’s final rule on climate disclosures. The new rule requires registrants to provide comprehensive climate-related information in their annual reports and registration statements, including those for IPOs, beginning with annual reports for the year ending December 31, 2025, for calendar-year-end large accelerated filers.
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IFRS on Point — February 2024
published 06 Mar 2024
'IFRS on Point' highlights critical financial and sustainability reporting developments and main IFRS-related news stories of the previous month.
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Financial Reporting Alert 24-1, Frequently Asked Questions About “Pillar Two”
published 05 Mar 2024
This Financial Reporting Alert provides responses to some frequently asked questions about how an entity should account for the tax effects of the global anti-base erosion model rules (“Pillar Two”) established by the Organisation for Economic Co-operation and Development (OECD).
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Deloitte comment letter on GRI Topic Standard Project for Climate Change — 'Climate Change' and 'Energy' exposure drafts
published 05 Mar 2024
Deloitte Touche Tohmatsu Limited welcomes the opportunity to respond to the 'Climate Change' and 'Energy' exposure drafts (EDs) issued by the Global Reporting Initiative’s (GRI) Global Sustainability Standards Board (GSSB). There is increasing focus by stakeholders on the actions being taken by entities to support commitments made to address climate change. We agree, therefore, that the matters addressed in the EDs should be reflected in the GRI Standards.
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Heads Up — #DeloitteESGNow — Frequently Asked Questions About the E.U. Corporate Sustainability Reporting Directive (Updated)
published 26 Feb 2024
This Heads Up, which discusses the E.U. Corporate Sustainability Reporting Directive (CSRD) as well as the recently adopted European Sustainability Reporting Standards (ESRS), has been updated to reflect (1) the revised scope thresholds in the CSRD, which went into effect on December 21, 2023, and (2) updates from the European Financial Reporting Advisory Group regarding the statuses of various sets of ESRS as well as the publication of draft implementation guidance.
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Heads Up — #DeloitteESGNow — FASB Makes Additional Tentative Decisions Related to the Accounting for Environmental Credit Programs
published 22 Feb 2024
This Heads Up discusses the FASB’s recent tentative decisions related to its project on environmental credit programs, including those associated with the recognition and measurement of liabilities.
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IASB Meeting — 18–21 March 2024
Start: 18 Mar 2024 - End: 21 Mar 2024
The IASB will meet in its offices in London on 18–21 March 2024.
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ISSB Meeting — 13 March 2024
Start: 13 Mar 2024 - End: 13 Mar 2024
The ISSB will meet in Frankfurt on 13 March 2024.
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IFRS Interpretations Committee meeting — 5 March 2024
Start: 05 Mar 2024 - End: 05 Mar 2024
The IFRS Interpretations Committee met on 5 March 2024.
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ISSB Meeting — 21 February 2024
Start: 21 Feb 2024 - End: 21 Feb 2024
The ISSB met in New York City on 21 February 2024.
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IASB Meeting — 19–22 February 2024
Start: 19 Feb 2024 - End: 22 Feb 2024
The IASB met in its offices in London on 19–22 February 2024.
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ISSB Meeting — 25 January 2024
Start: 25 Jan 2024 - End: 25 Jan 2024
The ISSB held a joint meeting with the IASB in its offices in London on 25 January 2024.
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IASB Meeting — 22–25 January 2024
Start: 22 Jan 2024 - End: 25 Jan 2024
The IASB met in its offices in London on 22–23 January 2024. On 25 January, the IASB held a joint meeting with the ISSB.
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ISSB Meeting — 13–14 December 2023
Start: 13 Dec 2023 - End: 14 Dec 2023
The ISSB met in Frankfurt on 13–14 December 2023.
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IASB Meeting — 12–14 December 2023
Start: 12 Dec 2023 - End: 14 Dec 2023
The IASB met in its offices in London on 12–14 December 2023.
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IFRS Interpretations Committee meeting — 28–29 November 2023
Start: 28 Nov 2023 - End: 29 Nov 2023
The IFRS Interpretations Committee met on 28–29 November 2023.