Beyond the GAAP no.189 - June 2024
At the end of May, the IASB published amendments to IFRS 9 and IFRS 7 on the classification and measurement of financial instruments, which are mandatory for financial periods commencing on or after 1 January 2026. In this issue, we look in detail at the content of these amendments, which introduce some changes and clarifications relating to financial liabilities settled using an electronic payment system, financial assets with contingent payment features, financial assets with non-recourse features, and contractually linked financial assets. They also require additional disclosures to be presented in the notes.
There is still a great deal of news on the sustainability disclosure standards front, demonstrating the need to move forward as quickly and effectively as possible. On 4 May, the International Sustainability Standards Board (ISSB) published a Request for Information to gather stakeholders' views on the priorities that the ISSB should consider when setting its work plan now that the first two standards, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, have been finalised (their publication is expected by the end of June 2023).
