IFRS Foundation publishes updated guide on using the IR Framework with the ISSB standards
17 May, 2024
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.
The updated guide provides a phased approach for implementing the Integrated Reporting (IR) Framework and is intended to help preparers to understand how the ISSB standards can be taken into account for their reporting.
The guide suggests that those preparers who are new to integrated reporting could begin by adopting the principles and concepts specified in the IR Framework over one, two or three reporting cycles. For experienced integrated reporters, the guide can help to embed IFRS S1 and IFRS S2 disclosures in their reports and hence, improve comparability of those reports.
Please click to access the updated guide via the press release on the IFRS Foundation website.
