Climate-related and other uncertainties in the financial statements
The IASB’s April meeting discussed its project on climate-related and other uncertainties in the financial statements, which aims to examine how, through targeted actions, the IASB could help to improve the presentation of information on such issues.
The IASB tentatively decided to:
- provide examples of how an entity applies IFRS to account for the effects of climate and other uncertainties in its financial statements;
- include examples for illustrative purposes, to accompany the standards; and
- publish an exposure draft to obtain stakeholder feedback on these examples, setting the comment period at 120 days.
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