EFRAG has published the third set of technical explanations to assist stakeholders in the implementation of the European Sustainability Reporting Standards (ESRS).

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…

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.

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.

IASB Chair Andreas Barckow delivered a keynote address at the European Accounting Association (EAA) Annual Congress and spoke about the emerging priority of connectivity, the limitations of financial statements, and the risen significance of other reporting.