Beyond the GAAP - June 2024

At the end of May, the IASB published the amendments to IFRS 9 and IFRS 7 relating to the classification and measurement of financial instruments, which are mandatory for financial years beginning on or after 1 January 2026. In this issue, we propose to review in detail the content of these amendments, which make some changes and clarifications concerning financial liabilities settled via an electronic payment system, financial assets with contingent payment clauses, non-recourse assets, contractually linked financial assets and require the presentation of additional information in the appendix.

As far as sustainability reporting is concerned, the news of the month was particularly marked by the publication by EFRAG and TNFD of a table of correspondence between their respective reporting frameworks, materialising the high level of similarities between the environmental ESRS standards on the one hand, and the TNFD recommendations on the other. At the international level, the ISSB finalized its work programme for 2024-2026 and decided, in addition to supporting the implementation of IFRS S1 and IFRS S2, to work on two research projects on biodiversity, ecosystems and ecosystem services and on human capital.