Webcast on implementing IFRS 19
The IASB has released a twenty-minute webcast offering an overview of the new accounting standard and its benefits for eligible subsidiaries as well as practical insights into its implementation.
News and Publications
IASB finalises volume 11 of annual improvements
by Husam Shareef/in Uncategorized Echo_0 /The International Accounting Standards Board (IASB) has published 'Annual Improvements to IFRS Accounting Standards — Volume 11'. It contains amendments to five standards as result of the IASB's annual improvements project. The amendments are effective for annual reporting periods beginning on or after 1 January 2026.
GRI updates analysis tool on the SDGs and underlying targets
by Husam Shareef/in Uncategorized Echo_0 /The Global Reporting Initiative (GRI) has updated its analysis tool on the UN Sustainable Development Goals (SDGs) and underlying targets.
GRI publishes Q&A on sustainability reporting in the EU
by Husam Shareef/in Uncategorized Echo_0 /The Global Reporting Initiative (GRI) has published a document with frequently answered questions on sustainability reporting in the EU.
Report of the May 2024 Emerging Economies Group meeting
by Husam Shareef/in Uncategorized Echo_0 /The 27th meeting of the IASB's Emerging Economies Group (EEG) was held on 28–29 May 2024. The IASB has published a full report of the meeting.
ESMA updates ESEF reporting manual
by Husam Shareef/in Uncategorized Echo_0 /The European Securities and Markets Authority (ESMA) has published the annual update of its reporting manual on the European Single Electronic Format (ESEF).
Key insights from the 2024 IFRS Foundation Conference
by Husam Shareef/in Uncategorized Echo_0 /The 2024 IFRS Foundation Conference was held in London on 24–25 June 2024 and featured a gathering of over 400 delegates from 60 countries. The conference provided perspectives on financial reporting and sustainability disclosure standards as well as insights from industry experts.
Two ESMA documents aimed at consistent sustainability reporting
by Husam Shareef/in Uncategorized Echo_0 /The European Securities and Markets Authority (ESMA) has published a 'Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI)' and a 'Public Statement on the first application of the European Sustainability Reporting Standards (ESRS)'.
IASB completes post-implementation review of the impairment requirements in IFRS 9
by Husam Shareef/in Uncategorized Echo_0 /The IASB has completed its post-implementation review of the impairment requirements in IFRS 9 'Financial Instruments'. The summary report published today shows that the standard works as intended and provides useful information to users of financial instruments.
TNFD publishes sector guidance
by Husam Shareef/in Uncategorized Echo_0 /The Taskforce on Nature-related Financial Disclosures (TNFD) has published the first set of additional sector guidance. The guidance includes recommended sector-specific metrics for disclosure in line with the TNFD recommendations published in September 2023.