News
ISSB opens permanent Montreal office
The International Sustainability Standards Board (ISSB) has opened a permanent office in Montreal to cement its presence in Canada.
Agenda for the May 2024 Management Commentary Consultative Group meeting
The Management Commentary Consultative Group of the IFRS Foundation will meet via video conference call on 21 May 2024. An agenda for the meeting is now available.
Pre-meeting summaries for the May 2024 ISSB meeting
The ISSB will meet in Montreal on 16 May 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the ISSB’s decision making more closely. We summarised the agenda papers made available by the ISSB staff and point out the main issues to be discussed by the ISSB and the staff recommendations.
IASB continues webcast series on proposed enhancements to disclosure requirements for business combinations
The IASB has released the second webcast in its series aimed at discussing and seeking feedback on Exposure Draft ‘Business Combinations — Disclosures Goodwill and Impairment’. The webcast series focuses on improving the transparency and quality of information provided by companies regarding acquisitions, while also considering the feasibility of implementation from a cost perspective.
Romanian translations of the ISSB Standards
The IFRS Foundation has published Romanian translations of IFRS S1 'General Requirements for Disclosure of Sustainability-related Financial Information' and IFRS S2 'Climate-related Disclosures'.
May 2024 IASB meeting agenda posted
The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 20 and 22 May 2024. There are five topics on the agenda.
IFRS Foundation survey on digital content
The IFRS Foundation is exploring options for introducing an epub service and is seeking feedback on the current service, and input on possible new products and their features.
Agenda for the May 2024 Emerging Economies Group meeting
The IASB Emerging Economies Group (EEG) will meet in Taiyuan, China on 28–29 May 2024. An agenda for the meeting is now available.
IASB issues new standard providing a reduced disclosure framework for subsidiaries
The International Accounting Standards Board (IASB) has published the new standard IFRS 19 'Subsidiaries without Public Accountability: Disclosures', which permits a subsidiary to provide reduced disclosures when applying IFRS Accounting Standards in its financial statements. IFRS 19 is optional for subsidiaries that are eligible and sets out the disclosure requirements for subsidiaries that elect to apply it. The new standard is effective for reporting periods beginning on or after 1 January 2027 with earlier application permitted.
May 2024 ISSB meeting agenda posted
The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in Montreal on 16 May 2024. The ISSB will be discussing its consultation on agenda priorities, maintenance of the SASB standards and supporting the implementation of IFRS S1 and IFRS S2.
IASB proposes amendments to IFRS 9 and IFRS 7 regarding power purchase agreements
The International Accounting Standards Board (IASB) has published an exposure draft IASB/ED/2024/3 'Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7)'. Comments are requested by 7 August 2024.
IASB begins webcast series on the goodwill and acquisitions exposure draft
The IASB has released the first webcast in a series that features IASB members and technical staff taking a detailed look into the proposed improvements to the disclosure requirements about acquisitions and the impairment testing of cash-generating units containing goodwill.
Updated translation of the IR Framework in Portuguese
The IFRS Foundation has published an updated translation of the Integrated Reporting (IR) Framework in Portuguese.
ISSB standards available in Simplified Chinese
The IFRS Foundation has published a Simplified Chinese translation of IFRS S1 'General Requirements for Disclosure of Sustainability-related Financial Information' and IFRS S2 'Climate-related Disclosures'. The documents accompanying IFRS S1 and IFRS S2 have also been translated into Simplified Chinese.
Agenda for the May 2024 Islamic Finance Consultative Group meeting
An agenda has been released for the meeting of the Islamic Finance Consultative Group that will be held virtually and in Manama, Bahrain on 8–9 May 2024.
Korea consults on sustainability disclosure standards based on the ISSB standards
The Korea Sustainability Standards Board (KSSB) has published an exposure draft (ED) proposing sustainability disclosure standards based on IFRS S1 and IFRS S2. The comment period for the ED ends on 31 August 2024.
IFRS Foundation Trustees and Due Process Oversight Committee hold February 2024 meetings
The IFRS Foundation Trustees met on 28–29 February 2024 and the Due Process Oversight Committee (DPOC) met on 27 February 2024. Both meetings were held in Madrid.
ISSB and EFRAG publish 'ESRS — ISSB Standards Interoperability Guidance'
The International Sustainability Standards Board (ISSB) and EFRAG (formerly the European Financial Reporting Advisory Group) have published guidance to illustrate the high level of alignment achieved between the ISSB standards and the European Sustainability Reporting Standards (ESRS).
IPSASB finalises non-substantive changes to its standards
The International Public Sector Accounting Standards Board (IPSASB) has published 'Improvements to IPSAS, 2023'.
EFRAG draft comment letter on the proposed amendments aimed at enhanced information on acquisitions
EFRAG (formerly the European Financial Reporting Advisory Group) has issued a draft comment letter on the IASB's proposed amendments around business combinations, goodwill and impairment.