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  • IOSCO (International Organization of Securities Commissions) (dark gray) Image
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  • Strong support for ISSB at IOSCO roundtables

    11 May 2021

    To support its work on securities issuers’ sustainability-related disclosures, the International Organization of Securities Commissions (IOSCO) hosted two roundtables in April and May 2021. The objective was to engage in a dialogue with global stakeholders on IOSCO’s priorities to enhance the reliability, comparability and consistency of sustainability-related disclosures and collect views on the practical implementation of a global system architecture for these disclosures.

  • IFASS (International Forum of Accounting Standard Setters) (dark green) Image
  • Report on the spring 2021 IFASS meeting

    10 May 2021

    A report has been issued summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held by remote participation on 8 and 9 March 2021.

  • IASB (International Accounting Standards Board) (blue) Image
  • IASB to conduct fieldwork on its disclosure review ED

    07 May 2021

    On 25 March 2021, the IASB published the exposure draft ED/2021/3 'Disclosure Requirements in IFRS Standards — A Pilot Approach (Proposed amendments to IFRS 13 and IAS 19)' that contains proposed guidance for itself when developing and drafting disclosure requirements in IFRSs in future as well as proposed amendments to IFRS 13 'Fair Value Measurement' and IAS 19 'Employee Benefits' that result from applying the proposed guidance to those standards. The IASB is now inviting preparers of financial statements to participate in fieldwork to test the proposals in the ED.

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  • EC conference on the proposed Corporate Sustainability Reporting Directive and the way forward

    07 May 2021

    In its efforts to revise the EU Non-Financial Reporting Directive (NFRD), the European Commission (EC) in April 2021 published a proposal for a Corporate Sustainability Reporting Directive (CSRD). At a high-level conference on 6 May 2021 "Proposal for a Corporate Sustainability Reporting Directive - The Way Forward" participants also discussed the tight timeframe of the EC proposals.

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    Leaf - sustainability (green) Image
  • IFAC encourages a building blocks approach for reporting sustainability-related information

    07 May 2021

    In September 2020, the International Federation of Accountants (IFAC) released 'Enhancing Corporate Reporting: The Way Forward' calling for the creation of a new sustainability standards board that would exist alongside the IASB under the IFRS Foundation. The IFAC has now published a revised building blocks approach to reporting sustainability information — enhancing its previously issued roadmap.

  • IASB document (blue) Image
  • IASB publishes amendments to IAS 12

    07 May 2021

    The International Accounting Standards Board (IASB) has published 'Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12)' that clarify how companies account for deferred tax on transactions such as leases and decommissioning obligations.

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  • Report on the H1 2021 IFASS meeting

    published 10 May 2021

    Report summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held by remote participation on 8 and 9 March 2021. As reported earlier, among the topics discussed at the meeting were non-financial reporting and the IASB agenda consultation. In addition, IASB Chair Hans Hoogervorst gave a farewell speech to IFASS participants.

  • 7 May Image
  • EFRAG endorsement status report 7 May 2021

    published 07 May 2021

    The endorsement status report has been updated to reflect that the IASB has published amendments to IAS 12 to clarify how companies account for deferred tax on transactions such as leases and decommissioning obligations.

  • IFRS on Point — April 2021 Image
  • IFRS on Point — April 2021

    published 05 May 2021

    'IFRS on Point' highlights critical financial reporting developments. It provides a great way to catch up on the main IFRS-related news stories of the previous month.

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