Beyond the GAAP no.191 - September 2024
Things are a little quieter on the sustainability reporting front, although the EC has recently published other corrigenda to the Delegated Regulation on ESRS Set 1 in the OJEU. They make significant language improvements to some translations into EU official languages like French or German, without changing the substance of the regulation. Furthermore, at the international level, consideration of social issues is gathering force with the creation of a dedicated taskforce bringing together around 20 organisations from the public, private and third sectors, with the aim of contributing to improved sustainability reporting standards.
IFRS highlights:
- IASB redeliberates proposed amendments to IFRS 9 and IFRS 7 on contracts for renewable electricity
- IASB publishes exposure draft on the equity method (IAS 28)
- IASB begins research project on amortised cost measurement of financial instruments (IFRS 9)
- IASB begins research project on the statement of cash flows (IAS 7)
- IFRS 15 PiR: IASB work reaches a conclusion
- Voluntary adoption of ISSB standards – guidance for preparers
The disclosures presented are not exhaustive as the IASB publications and its advisory bodies but intend to emphasize the main highlights.
We hope that this Forvis Mazars Newsletter will be useful, according to the reality and needs of each one, and enables to alert readers to the topics mentioned.
