International applicability of the SASB standards is being proposed by the ISSB

The International Sustainability Standards Board (ISSB) has recently published its exposure draft, Methodology for Enhancing the International Applicability of the SASB® Standards and SASB Standards Taxonomy Updates.

Hyper-inflationary economies – Updated April 2023

The IMF World Economic Outlook ('WEO') report released in April 2023 provides updated data in respect of current and projected levels of inflation. This publication provides a summary of the hyper-inflationary economies, and the economies to be kept under review in 2023.

The ISSB have released their request for information on agenda priorities

The International Sustainability Standards Board has recently published a consultation on the request for information ('RFI') on Agenda Priorities.

Worldwide impact of CSRD - are you ready?

The transformation of ESG reporting accelerated in 2022 with the release of major proposals in the European Union (EU) and the United States (US), as well as globally by the International Sustainability Standards Board (ISSB).

EU Taxonomy: New draft delegated acts published

On 5 April 2023, the European Commission published: - A draft Delegated Act that defines the technical screening criteria of the four other environmental objectives of the Taxonomy Regulation - An Environmental Delegated Act which includes proposed changes to the Disclosures Delegated Act, including the content of the mandatory reporting templates. - A draft Delegated Act to amend the Climate Delegated Act, covering the climate-related environmental objectives of climate change mitigation and climate change adaptation

Global implementation of Pillar Two: proposed amendments to IAS 12 – endorsement and enactment timing

Global implementation of Pillar Two: proposed amendments to IAS 12 – endorsement and enactment timing

IFRS Financial reporting considerations for entities participating in the voluntary carbon market

The voluntary carbon market (VCM) is growing. Consistent accounting practices for carbon offsets is relevant for companies that use carbon offsets to achieve their emission reduction targets, companies who develop carbon offsets and companies who trade or invest in carbon offsets.

It's time to get ready: new IFRS disclosures on supplier finance arrangements effective in 2024

The IASB has decided to fast-track mandatory application of the new disclosure requirements for supplier finance arrangements to 2024. Entities should consider the new requirements well in advance to be able to comply.

Impairment of non-financial assets - common mistakes

This In brief applies to all entities with significant non-financial assets that are required to be tested for impairment under IAS 36. Set out below is a refresher on some basic concepts on impairment of non-financial assets, and reminders on those aspects of the value in use (VIU) methodology where common mistakes are made.