News and Publications

EFRAG and IASB educational sessions on IFRS 18

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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.
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EFRAG publishes third set of technical explanations on ESRS

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EFRAG has published the third set of technical explanations to assist stakeholders in the implementation of the European Sustainability Reporting Standards (ESRS).
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ACCA publishes sustainability reporting guide for SMEs based on ISSB standards

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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.
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IASB finalises amendments regarding the classification and measurement of financial instruments

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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…
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Major economies advance towards unified sustainability standards

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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.
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Updated IASB and ISSB work plan — Analysis (May 2024)

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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.
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ESMA publishes 29th enforcement decisions report

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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.
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G7 Finance Ministers and Central Bank Governors call for global interoperability of sustainability reporting standards

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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.
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IFRS Foundation and GRI aim to deliver full interoperability between ISSB and GRI standards

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The IFRS Foundation and the Global Reporting Initiative (GRI) have announced that they will work together to optimise how ISSB and GRI standards can be used together to facilitate reporting on an entity's impacts, risks and opportunities, including risks that arise from the entity's impacts.
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IASB Chair discusses connectivity

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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.
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