Exposure draft Climate-related and Other Uncertainties in the Financial Statements

An exposure draft (available here).

• Example 1 – Materiality judgements leading to additional disclosures (IAS 1/IFRS 18)

• Example 2 – Materiality judgements not leading to additional disclosures (IAS 1/IFRS 18)

• Example 3 – Disclosure of assumptions: specific requirements (IAS 36)

• Example 4 – Disclosure of assumptions: general requirements (IAS 1/IAS 8)

• Example 5 – Disclosure of assumptions: additional disclosures (IAS 1/IFRS 18)

• Example 6 – Disclosure about credit risk (IFRS 7)

• Example 7 – Disclosure about decommissioning and restoration provisions (IAS 37)

• Example 8 – Disclosure of disaggregated information (IFRS 18)

In response to strong demand from stakeholders, particularly investors, these examples aim to:

• improve the transparency of disclosures in the financial statements; and

• strengthen the link between financial statements and other aspects of an entity’s reporting, such as sustainability disclosures.

These examples are not intended to add new requirements or amend existing standards. Instead, they aim to indicate how existing standards can be applied to provide investors with better information on climate-related risks and other uncertainties.

The comments period runs until 28 November 2024.