IFRS

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.

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.

The International Financial Reporting Standards Foundation trustees reappointed Emmanuel Faber to serve a second term as chair of the International Sustainability Standards Board through the end of 2027.

The hub will support use of the International Sustainability Standards Board frameworks for disclosing climate risks.

The changes aim to make the ESG rules more relevant to a global audience.

Two major sets of changes are on their way, plus the board has released amendments regarding reporting on currencies that can't be exchanged.

The board is proposing to create an XBRL version of its recently released ESG standards.

The International Organization of Securities Commissions officially approved sustainability and climate disclosure standards from the International Sustainability Standards Board.

The board finalized its first two standards on general requirements for disclosure of sustainability-related financial information and climate-related disclosures.

ISSB opens office in Beijing; Woodard appoints director of CAAS consulting; and more news from around the profession.

The International Financial Reporting Standards Foundation expanded the global reach of the International Sustainability Standards Board by opening an office in Beijing.