The publication mainly consists of a non-exhaustive list of examples illustrating when IFRS Standards may require companies to consider the effects of climate-related matters in applying the principles in a number of standards.

The examples in the list refer to the following standards:

• IAS 1 Presentation of Financial Statements
• IAS 2 Inventories
• IAS 12 Income Taxes
• IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets
• IAS 36 Impairment of Assets
• IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 21 Levies
• IFRS 7 Financial Instruments: Disclosures
• IFRS 9 Financial Instruments
• IFRS 13 Fair Value Measurement
• IFRS 17 Insurance Contracts

The publication also notes that in addition to the specific requirements outlined in the table, IAS 1 contains some overarching requirements that could be relevant when considering climate-related matters.

Please click to access Effects of climate-related matters on financial statements on the IASB website.

Similar educational material on applying the IFRS for SMEs to climate-related matters was published by the IASB in May 2023.

The IPTF's discussion document for the 10 May 2023 meeting is now available and states the following view of the Task Force:

Countries with three-year cumulative inflation rates exceeding 100%:

• Argentina
• Ethiopia
• Haiti
• Iran
• Lebanon
• South Sudan
• Sudan
• Suriname
• Turkey
• Venezuela
• Zimbabwe

Countries with projected three-year cumulative inflation rates exceeding 100%:

• Ghana
• Sierra Leone
• Sri Lanka

Countries where the three-year cumulative inflation rates had exceeded 100% in recent years:

• Yemen

Countries with recent three-year cumulative inflation rates exceeding 100% after a spike in inflation in a discrete period:

There are no countries in this category for this period.

Countries with projected three-year cumulative inflation rates between 70% and 100% or with a significant (25% or more) increase in inflation during the current period

• Angola
• Burundi (new entry)
• Egypt (new entry)
• Lao P.D.R (new entry)
• Malawi (new entry)
• Moldova
• Pakistan (new entry)
• Sao Tome and Principe (new entry)
• Ukraine

The IPTF also notes that there may be additional countries with three-year cumulative inflation rates exceeding 100% or that should be monitored which are not included in the analysis as the necessary data is not available. Examples cited are Afghanistan and Syria.

The full list, including exact numbers, detailed explanations of the calculation of the numbers, and observations of the Task Force is available on the CAQ website.

Following the first paper The Case for Realigning Reporting Standards with Modern Value Creation published in September 2021, the second paper Human Capital Introspective published in June 2022, the third paper Rethinking Brand Value published in September 2022, a fourth paper Deciphering Technology can now be accessed through the press release on the IVSC website.