News
ESRB report on climate-related risks in the financial statements
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.
2024 issued and annotated issued IFRS Accounting Standards now available
The IFRS Foundation announces that the annual publication formerly known as the 'Red Book' is now available.
Podcast on Q1 2024 IFRS IC developments
The IFRS Foundation has published a podcast on the developments of the IFRS Interpretations Committee (IFRS IC) during the first quarter of 2024.
IFRS Foundation Trustees seek ASAF members
The IFRS Foundation is calling for applications from national standard-setters and regional bodies to become members of the Accounting Standards Advisory Forum (ASAF).
IPSASB publishes exposure draft on arrangements conveying rights over assets
As part of phase two of its project on leases, the International Public Sector Accounting Standards Board (IPSASB) has released an exposure draft (ED) proposing additional amendments complementing the proposed amendments on leases released in January 2023.
SSBJ publishes exposure drafts for sustainability disclosure standards in Japan
The Sustainability Standards Board of Japan has published three exposure drafts that propose sustainability disclosure standards for Japan. The exposure drafts incorporate all requirements of the standards of the International Sustainability Standards Board (ISSB) and add, where necessary, jurisdiction-specific options entities can elect to apply. The comment period ends on 31 July 2024.
IFRS Foundation Trustees seek IASB Board members from Asia-Oceania
The IFRS Foundation trustees are currently seeking nominations for two vacancies in the IASB’s Board from Asia-Oceania. The Board is comprised of 14 members containing a mix of experience in standard-setting, financial reporting, and education.
IFRS Foundation seeks Trustee applications
The IFRS Foundation is seeking Trustees from Africa, two from Asia-Oceania, and one from any part of the world ('at large') for terms beginning on 1 January 2025.
IASB proposes addendum to the exposure draft of the third edition of the IFRS for SMEs
The International Accounting Standards Board (IASB) has published an exposure draft IASB/ED/2024/2 'Addendum to the Exposure Draft 'Third edition of the 'IFRS for SMEs' Accounting Standard''. Comments are requested by 31 July 2024.
GRI publishes guidance documents on double materiality, due diligence and CSRD
The Global Reporting Initiative (GRI) has published three new documents titled 'Guides for Policy Makers'. The guides cover double materiality, due diligence and the Corporate Sustainability Reporting Directive (CSRD).
2024 IFRS Accounting Taxonomy issued
The IFRS Foundation has issued its 2024 IFRS Accounting Taxonomy. The IFRS Taxonomy enables electronic reporting of financial information prepared in accordance with IFRS Accounting Standards.
IASB publishes "Investor Perspectives" article on acquisitions reporting
The IASB has issued the latest issue of 'Investor Perspectives'. In this edition, IASB Board member Zach Gast discusses proposed enhancements to acquisitions reporting and the revisions in Exposure Draft (ED) ‘Business Combinations — Disclosures, Goodwill and Impairment’ that aim to equip investors with better tools for evaluating companies’ acquisitions.
ESMA publishes report on the activities of corporate reporting enforcers and their findings within the EU in 2023
The report provides an overview of the activities of the European Securities and Markets Authority (ESMA) and the corporate reporting enforcers in the European Union (EU) when examining compliance of financial and non-financial information provided by issuers listed on regulated markets with the applicable financial reporting framework in 2023.
Hong Kong commits to aligning local sustainability disclosure requirements with the ISSB standards
The Hong Kong Financial Services and Treasury Bureau (FSTB) has set out a vision and approach of the Government and financial regulators for developing a sustainability disclosure ecosystem in Hong Kong. In the statement, the FSTB commits to aligning the local sustainability disclosure requirements with the ISSB standards.
IASB issues podcast on latest Board developments (March 2024)
The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Chair Andreas Barckow and IASB Vice-Chair Linda Mezon-Hutter discussing the deliberations at the March 2024 IASB meeting.
March 2024 IASB meeting notes posted
The IASB met in London on 18-21 March 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.
ISSB Chair meets leaders in Africa
The Chair of the International Sustainability Standards Board (ISSB), Emmanuel Faber, has met with the presidents of Kenya and Nigeria, as well as government ministers in South Africa. He was accompanied by ISSB member Ndidi Nnoli-Edozien.
Updated IASB and ISSB work plan — Analysis (March 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 February 2024. Changes are few, but the work plan reveals that three IASB publications are to be expected later this week.
Education workshop on IFRS 18
The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) will hold a virtual education workshop on IFRS 18 'Presentation and Disclosure in Financial Statements' on 22 April 2024.
March 2024 ISSB meeting notes posted
The ISSB met in Frankfurt on 13 March 2024. We have posted our comprehensive Deloitte observer notes for the project discussed during the meeting.