All you need on UK Accounting, Reporting & Corporate Governance
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  • April 2024 ISSB meeting agenda posted

    12 Apr, 2024

    The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in Frankfurt on 23 April 2024. The ISSB will be assessing projects to add to the work plan.

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  • April 2024 IASB meeting agenda posted

    12 Apr, 2024

    The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 22–25 April 2024. There are 10 topics on the agenda.

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  • ISSB launches podcast series on TIG meetings

    10 Apr, 2024

    The International Sustainability Standards Board (ISSB) has launched a new podcast series titled 'ISSB Implementation Insights'. The series shares insights from the meetings of the Transition Implementation Group on IFRS S1 and IFRS S2 (TIG).

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  • IASB issues new standard on presentation and disclosures in financial statements

    09 Apr, 2024

    The International Accounting Standards Board (IASB) has published its new standard IFRS 18 ‘Presentation and Disclosures in Financial Statements' that will replace IAS 1 'Presentation of Financial Statements'. The new standard is the result of the so-called primary financial statements project, aims at improving how entities communicate in their financial statements and will be effective for annual periods beginning on or after 1 January 2027.

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  • New and revised pronouncements as at 31 March 2024

    05 Apr, 2024

    Our popular summary of new and revised financial and sustainability 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 and sustainability reporting requirements such as new and revised accounting and sustainability disclosure standards and interpretations, and amendments to standards and interpretations, have been fully considered in the reporting close process.

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  • Digital reporting and the IFRS digital taxonomies

    11 Apr, 2024

    The IFRS Foundation has published an article 'Digital financial reporting — Facilitating digital comparability and analysis of financial reports' and has set up a new dedicated website.

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  • EC announces event on ESRS

    08 Apr, 2024

    The European Commission (EC) has announced a half-day event titled 'Supporting companies in applying the European Sustainability Reporting Standards (ESRS)' on 16 May 2024 in Brussels. Participants can either attend in person or virtually.

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    AOSSG document (dk green) Image

  • Updated AOSSG survey on the financial reporting practices of Islamic financial institutions

    08 Apr, 2024

    The Asian-Oceanian Standard-Setters Group (AOSSG) has released the results of a follow-up survey into the financial reporting standards that Islamic financial institutions (IFIs) are legally required to comply with in their jurisdiction and the extent of compliance. The research was previously carried out on 2014 and 2016 data and has now been updated for 2022 data.

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  • Summary of the March 2024 GPF meeting

    05 Apr, 2024

    Representatives from the International Accounting Standards Board (IASB) met with the Global Preparers Forum (GPF) in a hybrid meeting on 1 March 2024. A meeting summary from the meeting has now been released.

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  • Summary of the March 2024 CMAC meeting

    05 Apr, 2024

    Representatives from the International Accounting Standards Board (IASB) met with the Capital Markets Advisory Council (CMAC) in a hybrid meeting on 8 March 2024. Notes from the meeting have now been released.

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  • ESRB report on climate-related risks in the financial statements

    04 Apr, 2024

    The European Systemic Risk Board (ESRB) has published a report on how climate-related risks are reflected in IFRS financial statements. The report finds that while IFRSs generally enable entities to effectively reflect climate-related risks in their financial statements, minor amendments would increase financial stability.

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  • IFRS on Point — March 2024 Image

  • IFRS on Point — March 2024

    published 04 Apr, 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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  • Need to know — IASB proposes amendments to improve reporting on acquisitions

    published 28 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.

  • Need to know — EU Taxonomy Image

  • Need to know — EU Taxonomy

    published 28 Feb, 2024

    This Need to know discusses the EU Taxonomy Regulation that the EU has implemented as part of its broader sustainable finance strategy. The EU Taxonomy is a classification system of economic activities that can be considered ‘environmentally sustainable’ with one (or more) of the six EU environmental objectives laid out in the Regulation. The Regulation sets mandatory requirements on disclosure for those in scope of the Non-Financial Reporting Directive (NFRD) (and the Corporate Sustainability Reporting Directive (CSRD) once it comes into effect). Non-EU entities that have debt or equity securities traded on EU regulated markets may be in scope as a result of the rules of the specific EU regulated market. If not, they will be brought into scope once the CSRD comes into effect.

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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.

    • 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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