IFRS

The International Auditing and Assurance Standards Board and the International Sustainability Standards Board provided help with adopting their standards.

The update aims to balance the needs of users of small and midsized entities' financial statements with resources available to SMEs. 

The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.

The guide can help companies identify and disclose material information about sustainability-related risks and opportunities that could affect their cash flow.

The International Accounting Standards Board wants feedback on targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets.

Some 30 jurisdictions are making progress on introducing international sustainability standards in their legal or regulatory frameworks.

The guide aims to help companies that are voluntarily applying ISSB standards and help them communicate their progress to investors.

The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.

The International Accounting Standards Board has begun a research project to review the requirements for the statement of cash flows and related matters.

The document will be available for comment on the International Financial Reporting Standards website.