Accounting standards

Global Reporting Initiative publishes CSRD reporting guidance

Also, the IASB’s review of IFRS 9 determines the standard is working as intended, with further enhancements probable.

IFRS partnership looks to future-proof markets in sustainability

A collaboration of the IFRS Foundation and the International Finance Corporation aims to strengthen capital markets by promoting consistency in sustainability reporting.

IFAC: Accountancy has a critical role in transformation

New reports and resources from IFAC offer guidance for professional accountants to lead their organisations in this transformative era.

Global Reporting Initiative seeks feedback on sustainability reporting taxonomy

Also, the IASB moves to finalise practice statement revisions to support integrated reporting.

IPSASB moves to develop first climate-based disclosure standard

Also, the Global Reporting Initiative seeks feedback on revisions to labour standards.

CIMA referral service highlights Datamaran’s ESG software

Also, IFAC responds to IESBA’s ethics standards for sustainability reporting.

IASB issues amendments to IFRS 9

Also, IFAC pays tribute to AICPA & CIMA leader Barry Melancon.

Support for ISSB standards extends to Africa, China

Jurisdictions representing over half the global economy by GDP move towards aligning sustainability disclosure standards with those of the ISSB.

IASB proposes taxonomy amendments to support IFRS 18

Also, the Global Reporting Initiative releases CSRD reporting guidance for companies.

New sustainability training course looks to clarify EU standards

Also, the UK Sustainability Disclosure Technical Advisory Committee appoints 15 members.

New IFRS standard looks to simplify disclosures for subsidiaries

The IASB also proposes targeted changes to account for renewable electricity contracts with specified characteristics.

IFRS and EFRAG release interoperability guidance for companies

Also, the ISSB publishes sustainability taxonomy to support companies and investors.

IFAC proposes ‘future-fit’ enhancements to education standards

ISSB begins work on biodiversity project; IASB starts review on accounting for intangibles.

IPSASB publishes proposed amendments to IFRIC interpretations

Also, IESBA, the IAASB, and IOSCO unveil their work plans and strategies for improving corporate reporting and governance.

Global ethics standards on tax planning released

IESBA’s standards, set to take effect in July 2025, are intended to strengthen the ethical framework that guides professional accountants providing tax planning services.

IFAC highlights key areas for sustainability upskilling

Also, the IAASB launched a video series to help stakeholders understand the proposed changes to the fraud standard.

New IFRS standard aims to improve corporate reporting

IFRS 18, Presentation and Disclosure in Financial Statements, is effective for annual reporting periods beginning on or after 1 January 2027.

IPSASB proposes amendments to assets standard

Also, the UKEB seeks UK stakeholders’ views on a recent exposure draft from the IASB, and the EU’s new “due diligence” rules address firms’ impacts on human rights and the environment.

IASB opens consultation on standard for SMEs

Here’s a roundup of recent developments in the financial reporting world, including new guidance from IFAC to support accounting in the public sector.

FRC revises accounting standards for UK, Ireland

The amendments are intended to improve financial reporting. The most significant changes apply to leases and revenue recognition.

Accounting standards

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