Financial reporting of European banks H1 2023
Expected credit losses of banks in Europe in a troubled macroeconomic environment – Irish context
Beyond the GAAP no.171 - November 2022
As 2022 year-end closing approaches, we present our traditional overview of
the new standards and amendments applicable at 31 December. Once again,
no major new standards have been published this year, but disclosures are
required on the impact of standards issued by the IASB but not yet effective,
particularly for insurers in view of the entry into force of IFRS 17 on
1 January 2023.
the new standards and amendments applicable at 31 December. Once again,
no major new standards have been published this year, but disclosures are
required on the impact of standards issued by the IASB but not yet effective,
particularly for insurers in view of the entry into force of IFRS 17 on
1 January 2023.
This month, non-financial reporting has again dominated the news. On 22 November, exactly a week after the Sustainability Reporting Board vote, EFRAG submitted the first set of European Sustainability Reporting Standards (ESRS) to the European Commission (EC), laying the foundations of the standardised common language for sustainability-related matters throughout Europe, as required by the Corporate Sustainability Reporting Directive which will be published in the Official Journal of the European Union in December.
Beyond the GAAP no.180 - September 2023
In mid-September, the European Commission (EC) launched a consultation on a draft delegated act that proposes to increase by 25% the size criteria set out in the Accounting Directive to classify undertakings and groups into different categories (micro, small, medium and large), in order to reflect inflation over the past ten years.
Beyond the GAAP no.179 - June - August 2023
On 31 July, only three weeks after the end of the public consultation on the draft delegated act, but a month behind the schedule set by the Corporate Sustainability Reporting Directive (CSRD), the European Commission adopted the final regulation on the first set of European Sustainability Reporting Standards (ESRS), after making a few last-minute changes based on the responses (more than 600)...
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