IFRS

The International Accounting Standards Board issued a set of amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.

The examples show how companies can improve the reporting of uncertainties in their financial statements using climate-related examples as practical illustrations.

The International Accounting Standards Board and its parent, the IFRS Foundation, released guidance on management commentary and climate disclosures.

The International Financial Reporting Standards Foundation has posted profiles of 17 of the 36 jurisdictions that have either adopted or used the disclosures.

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.