News
Agenda for the June 2024 SSAF meeting
The IFRS Foundation has released an agenda and meeting papers for the meeting of the Sustainability Standards Advisory Forum (SSAF), which is to be held via remote participation on 11 June 2024.
Agenda for June 2024 joint CMAC-GPF meeting
Representatives from the International Accounting Standards Board (IASB) will meet with both the Capital Markets Advisory Council (CMAC) and Global Preparers Forum (GPF) in a hybrid conference on 13–14 June 2024. The agenda for the joint meeting has been released.
Agenda for the June 2024 DPOC meeting
The Due Process Oversight Committee (DPOC) will meet on 4 June 2024 in Singapore.
June 2024 ISSB meeting agenda posted
The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in a hybrid format (virtual and in Frankfurt) on 12 June 2024. The ISSB will be discussing the enhancement of the Sustainability Accounting Standards Board (SASB) standards.
EFRAG finalises implementation guidance for ESRS
EFRAG has published three non-authoritative implementation guidance documents on European Sustainability Reporting Standards (ESRS): EFRAG IG 1 ‘Materiality Assessment’, EFRAG IG 2 ‘Value Chain’ and EFRAG IG 3 ‘ESRS Datapoints’.
Recording of the second IASB webinar on IFRS 18 implementation
On 30 May 2024, the IASB offered the second of a series of live webinars aimed at facilitating a comprehensive understanding of the recently issued IFRS 18 'Presentation and Disclosure in Financial Statements'.
IFR4NPO publishes third exposure draft
International Financial Reporting for Non-Profit Organisations (IFR4NPO), an initiative to develop the first internationally applicable financial reporting guidance for non-profit organisations, has released 'International Non-Profit Accounting Guidance, Part 3'.
EFRAG and IASB educational sessions on IFRS 18
EFRAG and the IASB are offering two educational sessions on IFRS 18 'Presentation and Disclosure in Financial Statements'. The interactive webinars will introduce the main requirements and focus on certain requirements set out in the standard. Beside gaining a better understanding of the new requirements, the aim is to identify the resulting practical challenges.
June 2024 IFRS Interpretations Committee meeting agenda posted
The IFRS Interpretations Committee has posted the agenda for its next meeting, which will be held on 11 June 2024.
Agenda for the June 2024 TIG meeting
The IFRS Foundation has released an agenda and meeting papers for the meeting of the Transition Implementation Group on IFRS S1 and IFRS S2 (TIG), which will be held via video conference call on 13 June 2024.
EFRAG publishes third set of technical explanations on ESRS
EFRAG has published the third set of non-authoritative technical explanations to assist stakeholders in the implementation of the European Sustainability Reporting Standards (ESRS).
China consults on Corporate Sustainability Disclosure Standard
The Chinese Ministry of Finance (MoF) has published a consultation on 'Corporate Sustainability Disclosure Standard—Basic Standard'. The comment period ends on 24 June 2024.
May 2024 IASB meeting notes posted
The IASB met in London on 20 and 22 May 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.
IASB finalises amendments regarding the classification and measurement of financial instruments
The International Accounting Standards Board (IASB) has issued 'Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)' to address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9 'Financial Instruments'. The amendments are effective for reporting periods beginning on or after 1 January 2026.
ACCA publishes sustainability reporting guide for SMEs based on ISSB standards
The Association of Chartered Certified Accountants (ACCA) has published a document titled 'Sustainability Reporting—SME Guide'. The guide is intended to support small- and medium-sized entities (SMEs) to disclose sustainability-related information that regulators and stakeholders increasingly demand.
IASB issues podcast on latest Board developments (May 2024)
The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Vice-Chair Linda Mezon-Hutter and IASB Member Nick Anderson discussing the deliberations held during the May 2024 IASB meeting.
Updated IASB and ISSB work plan — Analysis (May 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 April 2024. Several pronouncements and consultation documents have been published or will be published shortly.
Major economies advance towards unified sustainability standards
During the IOSCO annual meeting in Athens, the IFRS Foundation unveiled its inaugural Jurisdiction Guide to assist regulators in implementing the ISSB Standards. The guide aims to help jurisdictions navigate their adoption or alignment processes, ensuring consistent and comparable sustainability-related disclosures across markets.
ESMA publishes 29th enforcement decisions report
The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IAS 28, IAS 24, IAS 34/IAS36/IFRS13, IFRS 9, and IFRS 13.
G7 Finance Ministers and Central Bank Governors call for global interoperability of sustainability reporting standards
The Finance Ministers and Central Bank Governors of the G7 met in Stresa, Italy on 23-25 May 2024. In their final communiqué they note the role of sustainability reporting for the green transition.