Beyond the GAAP no.192 - October 2024

With a few weeks to go until the 2024 year-end, the European market regulator, ESMA, has published its recommendations for 2024 reporting. These cover both IFRS financial reporting and the first ESRS sustainability statements. This issue includes special features on both sets of recommendations.

Also in this issue, we look in more detail at the exposure draft on the equity method, published by the IASB last September. The aim of the exposure draft is to clarify specific aspects of accounting treatment, rather than to carry out a fundamental review of the principles of the equity method. It also proposes amendments to certain controversial aspects of IAS 28.