New International Financial Reporting Standards: what you need to know
It’s very likely that Australian companies will be required to report more stringently on their sustainability and climate risks.
At COP26 in Glasgow, the International Sustainability Standards Board (ISSB) was formed to provide standards to improve the trust and confidence in company disclosures about sustainability. In June this year, two International Financial Reporting Standards, IFRS S1 and S2, were created.
Damien Lambert, Head of Sustainability Services at Mazars, explains what the accounting standards mean and what Australian companies should do to prepare themselves for sustainable practices.
Published: 14/09/2023
Audio by Business Essentials Daily. For more Business Essentials Daily podcasts visit: https://bedaily.com.au/episodes/