Beyond the GAAP no. 177 – May 2023
As the half-yearly reporting period draws to a close, Beyond the GAAP brings you the list of texts published by the IASB, including the IAS 12 amendments taking account of OECD's Pillar Two and the amendments to IAS 7 and IFRS 7 relating to supplier finance arrangements, both published this month. The list indicates whether these texts are mandatory or optional, depending on the progress of the European endorsement process.
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).
