The EC followed up this announcement by asking its technical adviser, EFRAG, to focus on implementation of ESRS Set 1, i.e. the 12 sector-agnostic standards which were published in draft form last November, with the final version scheduled for June. In this context, EFRAG has confirmed that it is ready to revise its timetable for development of subsequent Sets (sector-specific standards and standards applicable by SMEs) and to rapidly put in place a support framework for implementation of the first set of ESRS.
As the half-yearly reporting period draws to a close, Beyond the GAAP brings you the list of texts published by the IASB, including the IAS 12 amendments taking account of OECD's Pillar Two and the amendments to IAS 7 and IFRS 7 relating to supplier finance arrangements, both published this month. The list indicates whether these texts are mandatory or optional, depending on the progress of...
Following initial stakeholder consultation, the Central Bank of Ireland published its paper “Guidance for (Re)insurance undertakings on Climate Change Risk.”
Less than six months after launching the standard-setting project, the IASB seems well on the way to finalising the amendments to IAS 12 that will introduce a temporary exception to the recognition of deferred taxes resulting from the implementation of the OECD Pillar Two rules. The IASB acknowledged the timely and helpful feedback from stakeholders on its proposed amendments and, at the end of...
Sustainability and ESG must be at the heart of every organisation's business model
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