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  • IASB finalises amendments regarding the classification and measurement of financial instruments

    30 May 2024

    The International Accounting Standards Board (IASB) has issued 'Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)' to address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9 'Financial Instruments'. The amendments are effective for reporting periods beginning on or after 1 January 2026.

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  • IASB issues podcast on latest Board developments (May 2024)

    29 May 2024

    The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Vice-Chair Linda Mezon-Hutter and IASB Member Nick Anderson discussing the deliberations held during the May 2024 IASB meeting.

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  • Updated IASB and ISSB work plan — Analysis (May 2024)

    28 May 2024

    Following the IASB and ISSB meetings this month, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in April 2024. Several pronouncements and consultation documents have been published or will be published shortly.

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  • Major economies advance towards unified sustainability standards

    28 May 2024

    During the IOSCO annual meeting in Athens, the IFRS Foundation unveiled its inaugural Jurisdiction Guide to assist regulators in implementing the ISSB Standards. The guide aims to help jurisdictions navigate their adoption or alignment processes, ensuring consistent and comparable sustainability-related disclosures across markets.

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  • ESMA publishes 29th enforcement decisions report

    27 May 2024

    The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IAS 28, IAS 24, IAS 34/IAS36/IFRS13, IFRS 9, and IFRS 13.

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  • IASB Chair discusses connectivity

    24 May 2024

    IASB Chair Andreas Barckow delivered a keynote address at the European Accounting Association (EAA) Annual Congress and spoke about the emerging priority of connectivity, the limitations of financial statements, and the risen significance of other reporting.

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  • May 2024 ISSB meeting notes posted

    22 May 2024

    The ISSB met on 16 May 2024 in Montreal. We have posted our comprehensive Deloitte observer notes for the project discussed during the meeting.

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  • ACCA publishes sustainability reporting guide for SMEs based on ISSB standards

    30 May 2024

    The Association of Chartered Certified Accountants (ACCA) has published a document titled 'Sustainability Reporting—SME Guide'. The guide is intended to support small- and medium-sized entities (SMEs) to disclose sustainability-related information that regulators and stakeholders increasingly demand.

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  • 120 signatories call for commitment from jurisdictions to adopt the ISSB standards

    22 May 2024

    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).

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  • ISSB publishes webcasts on current and anticipated effects

    22 May 2024

    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.

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  • IASB webcast on power purchase agreements

    22 May 2024

    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)'.

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  • Summary of the April 2024 SCC meeting

    21 May 2024

    The Sustainability Consultative Committe (SCC) met via video conference call on 29 April 2024. A summary of the meeting is now available.

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  • SEC publishes statement on the application of IFRS 19

    20 May 2024

    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.

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  • Roadmap: Current Expected Credit Losses (2024)

    published 29 May 2024

    This Roadmap provides Deloitte’s insights into and interpretations of the guidance in FASB Accounting Standards Update (ASU) No. 2016-13 (codified as ASC 326), Measurement of Credit Losses on Financial Instruments. The ASU adds to U.S. GAAP an impairment model known as the current expected credit loss model, which is based on expected losses rather than incurred losses.

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  • EFRAG endorsement status report 27 May 2024

    published 27 May 2024

    The endorsement status report has been updated to now also reflect that the IASB has issued IFRS 19 'Subsidiaries without Public Accountability: Disclosures'. However, a footnote indicates that EFRAG has yet to receive the request for endorsement advice from the European Commission.

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  • EFRAG endorsement status report 17 May 2024

    published 17 May 2024

    The endorsement status report has been updated to reflect that European Union has endorsed 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' issued by the IASB in May 2023.

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  • IFRS on Point — April 2024

    published 07 May 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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  • New Era of Climate Disclosure for Hong Kong Listed Companies

    published 02 May 2024

    On 19 April 2024, the Hong Kong Stock Exchange released 'Consultation Conclusions on Enhancement of Climate-related Disclosures under the Environmental, Social and Governance Framework' laying out new requirements in respect of climate-related disclosures. This publication discusses the conclusions.

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  • Health Tech Industry Accounting Guide (April 2024)

    published 30 Apr 2024

    The fifth edition of this guide identifies and provides guidance on the most difficult technical accounting issues associated with the convergence of the technology and health care/life sciences industries. It also offers perspectives on recent health tech investment trends related to women’s health.

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