IFRS

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

The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards when reporting the effects of climate-related and other types of uncertainties in their financial statements.

The International Sustainability Standards Board and the IFRS Foundation published an inaugural guide to using their standards in different countries.

The International Sustainability Standards Board published a new taxonomy to help investors analyze sustainability disclosures.

The IFRS Foundation attributed the increase in revenue and expenses to consolidated operations in its 2023 annual report.

The research will focus on investor needs and build on relevant preexisting initiatives when possible.

The new standard represents one of the biggest changes to IFRS in decades.

The International Accounting Standards Board hopes to enhance the information provided by companies to their investors about acquisitions under IFRS.

Most companies are providing some disclosures about their sustainability efforts, but not as many are getting assurance on their numbers from auditing firms.

The board is providing information to help companies with its disclosure standards before they take effect in January.