The
#IFRS
Foundation Trustees have today announced that Emmanuel Faber (
@EmmanuelFaber
) has been appointed as the inaugural Chair of the International Sustainability Standards Board (
#ISSB
). Read more:
Today, the
#ISSB
has launched a consultation on its first two proposed standards to develop a global baseline of sustainability disclosures for the capital markets. Comments due by 29 July 2022.
#IFRS
Prof Dr Andreas Barckow, current President of the Accounting Standards Committee of Germany, has been appointed to succeed Hans Hoogervorst as Chair of the
#IASB
from 1 July 2021. Read more here:
#IFRS
We have today published a document responding to questions regarding the application of IFRS 9 Financial Instruments during this period of enhanced economic uncertainty arising from the covid-19 pandemic. Read more here:
#ifrs
#iasb
#ifrs9
#COVID19
The
#IFRS
Foundation Trustees have today announced the formation of the International Sustainability Standards Board (
#ISSB
) to develop comprehensive global baseline of sustainability disclosures for the global financial markets.
El IASB acaba de publicar el documento de consulta pública de la Tercera edición de la Norma de Contabilidad NIIF para las PYMES en español, que se encuentra disponible en nuestra página web junto con el archivo Visión panorámica Norma de Contabilidad NIIF para las PYMES. (1/2)
IFRS 9 and IFRS 15 are now effective if your reporting period begins on or after 1 January 2018. Familiarise yourself with the Standards here:
#IFRS9
#IFRS15
#IASB
The
#IFRS
Foundation’s International Sustainability Standards Board today outlined the necessary steps required to establish a comprehensive global baseline of sustainability disclosures.
Read the full press release:
#ISSB
The IASB has issued
#IFRS18
Presentation and Disclosure in Financial Statements. Here is a summary of the Standard on one page 👇
More details can be found in the project summary:
#IFRSAccounting
The
#ISSB
will commence projects to research disclosure about risks and opportunities associated with biodiversity, ecosystems and ecosystem services, and human capital. Find out more:
#IFRSsustainability
The
#IASB
has proposed an amendment to
#IFRS16
Leases to make it easier for companies to account for covid-19-related lease concessions such as rent holidays and temporary rent reductions. Comments on the public consultation are due by 8 May:
#IFRS
The IFRS Foundation Trustees today announced the appointment of Richard Barker, Verity Chegar, Bing Leng and Ndidi Nnoli-Edozien as inaugural members of the International Sustainability Standards Board.
#IFRS
#ISSB
The
#ISSB
is holding two live webinars on 28 April for all stakeholders on its proposed standards on general sustainability-related disclosures and climate-related disclosures. Find out more and how to sign up:
#IFRS
The
#IASB
has issued a package of amendments to
#IFRS
Standards. It contains narrow-scope amendments to IFRS 3, IAS 16 and IAS 37 as well as minor clarifications or corrections to IFRS 1, IFRS 9, IAS 41 and the Illustrative Examples accompanying IFRS 16.
Now available: Annotated Issued IFRS Standards 2018. This book replaces A Guide through IFRS Standards (aka the Green Book). Buy your copy and find out more here:
#IASB
has published a Discussion Paper on the classification of financial instruments as debt or equity in the issuer’s financial statements. The consultation is open for public comments until the start of January 2019
#IFRS
The
#IFRS
Foundation has published educational material on the effects of
#climate
-related matters on financial statements for companies using IFRS Standards. Read more here.
#IASB
The
#IFRS
Foundation Trustees have today published a Consultation Paper on
#sustainability
reporting, asking if there is demand for global sustainability reporting standards and whether the Foundation could play a role:
#ESG
#sustainableinvesting
The
#IFRS
Foundation has today announced that Sue Lloyd, current Vice-Chair of the
#IASB
, has been appointed as Vice-Chair of the
#ISSB
from 1 March and Janine Guillot, CEO of
@the_VRF
, has been appointed as Special Advisor to ISSB Chair
@EmmanuelFaber
.
IFRS 16 Leases, which was issued in January 2016, is effective from the first of this month. It replaces IAS 17 and related Interpretations. Find out more:
The new
#ISSB
will sit alongside the
#IASB
within the
#IFRS
Foundation’s governance structure, and the two boards will work to ensure compatibility between IFRS Accounting Standards and IFRS Sustainability Disclosure Standards.
The
#IFRS
Foundation Trustees present their views on the strategic direction of a potential new sustainability standards board and set out the next planned steps in their work as they continue deliberations.
#sustainability
#esg
#corporatereporting
The
#IFRS
Foundation Trustees are calling for nominations of up to 11 inaugural International Sustainability Standards Board (
#ISSB
) members to work alongside ISSB Chair
@EmmanuelFaber
and the soon-to-be announced ISSB Vice-Chairs. Find out more here:
The ISSB Standards are here! We were very pleased to mark the launch of IFRS S1 and IFRS S2 in South Africa an event hosted by
@JSE_Group
and sponsored by
@saica_za
. Thank you to all our stakeholders who joined us in Johannesburg!
.
@EmmanuelFaber
: "We are encouraged by the
@G7
’s endorsement of our work to deliver a global baseline of sustainability disclosures for the capital markets." Read the
#IFRS
Foundation's response to the G7 Communique:
#ISSB
The
#IASB
is asking for views on its approach to updating the IFRS for SMEs Standard— the simplified accounting standard for small and medium-sized entities that is required or permitted in more than 80 countries. Find out more here:
#IFRSforSMEs
The ISSB has received more than 1,300 comment letters on its two proposed sustainability disclosure standards.
ISSB Chair
@EmmanuelFaber
: "The feedback we have received provides a critical grounding on which to build sustainability disclosure standards."
IFRS for SMEs support modules available now. Across the 35 modules there are over 1,000 examples illustrating application of the
#IFRSforSMEs
Standard.
The International Organization of Securities Commissions (IOSCO) has today announced its endorsement of the ISSB Standards following its comprehensive review of the Standards.
Find out more:
@IOSCOPress
#IFRSsustainability
#ISSB
#ISSBstandards
🎓 Join us for two virtual education workshops on the new IFRS 18 Presentation and Disclosure in Financial Statements. Ideal for academics interested in understanding
#IFRS18
and conducting research for the post-implementation review.
#IASBAcademic
#IFRSAccounting
Document published to support consistent application of IFRS 16 Leases in relation to rent concessions granted as a result of the covid-19 pandemic. Access it here:
April
#IASB
meeting news story:
#IFRS
#IFRS16
Don’t forget to submit your response to the survey on the second comprehensive review of the IFRS for
#SMEs
Standard. Deadline is 27 October:
#IASB
#IFRS
On 26 June, the
#ISSB
will issue its first two Standards, IFRS S1 & IFRS S2. ISSB Chair Emmanuel Faber will lunch the Standards during his keynote speech at the
#IFRS
Foundation Conference 2023.
Find out more:
#ISSBstandards
#IFRSsustainability
The
#IASB
has published proposed minor amendments to
#IAS41
,
#IFRS1
,
#IFRS9
and the illustrative examples accompanying
#IFRS16
as part of its annual improvements process to maintain IFRS Standards.
The deadline for comments is 20 August.
IASB Chair Hans Hoogervorst opens the 2019 World Standard-setters Conference in London, calling for national standard-setters’ support in the IASB’s upcoming consultations, including on accounting for performance, acquisitions and rate-regulated activities
#WSS_2019
#ifrs
#iasb
Consultation to enhance the International Applicability of the
@SASB
Standards now open.
The consultation is open for comments, preferably by online survey, until 9 August 2023.
Find out more:
#IFRS
#ISSB
#IFRSsustainability
The IFRS Accounting Standards books have undergone a redesign since the creation of the International Sustainability Standards Board to unite the
#IASB
and
#ISSB
resources and products in a connected and cohesive way.
The launch of the ISSB's first two Standards, IFRS S1 & IFRS S2, will kickstart on Monday 26 June with a series of events hosted by partners around the world.
Follow us here and our website to find out more ahead of the launch.
The
#ISSB
seeks feedback on two proposed standards. Consultation is open until 29 July 2022.
- Climate standard:
- General Requirements standard:
#IFRS
The
#IASB
requests preparers’ views on
#SME
financial statements. Arrange a virtual meeting to make your views heard—email smes
@ifrs
.org to organise a 30-minute meeting.
#IFRS
New supporting material for the
#IFRSforSMEs
Standard are now available. Training modules 5, 6 and 7 include extensive explanations, self-assessment questions and case studies:
Required IFRS Standards 2021 will shortly be available to order, and Comprehensive and Professional Subscribers can access these standards online through their eIFRS account. Register your interest today:
Register now: on 17 August we're holding a live webinar on the second comprehensive review of the
#IFRS
for
#SMEs
Standard. Hosted by
#IASB
member Darrel Scott and technical staff, there will be two sessions to cater for different time zones:
The
#IASB
has today clarified the requirements for classifying liabilities as current and non-current. Read about the amendments to IAS 1 Presentation of Financial Statements, which become effective in 2022.
#ifrs
Sign up for the
#IFRS
Foundation Virtual Conference 2020, which brings together the annual IFRS Foundation Conference and the World Standard-setters Conference.
#IFRSvirtual2020
#IASB
Register here:
#IASB
today issued an update to the IFRS Taxonomy 2020 for Covid-19-Related Rent Concessions, which amended IFRS 16 Leases. Click here to find the IFRS Taxonomy Update, IFRS Taxonomy files and supporting materials:
Are you interested in expanding your knowledge of the
#IFRSforSMEs
Standard? Access Module 4—Statement of Financial Position, Module 8—Notes to the Financial Statements and Module 14—Investments in Associates here:
#IFRSStandards
Watch this webcast to learn about the work of the
#IFRS
Foundation's sustainability-related reporting project's Technical Readiness Working Group, featuring the leaders of the
@CDSBglobal
,
#IASB
,
@FSB_TCFD
,
@the_VRF
and
@wef
.
#IFRS
Foundation,
@CDSBglobal
and
@the_VRF
have signed agreement to consolidate resources into a single global standard-setter for capital market sustainability disclosures -
#ISSB
The ISSB Standards are here!
We were very pleased to mark the launch of IFRS S1 & IFRS S2 with a North American event hosted by the New York Stock Exchange with our partners at the CAQ, AICPA & CIMA and CPA Canada.
Thank you to all our stakeholders who joined us in New York!
We are pleased to announce the appointment of four new members to the IFRS Interpretations Committee.
A very warm welcome to Lisa Bomba, Karsten Ganssauge (
@K_Ganssauge
), Jake Green (
@jake_green_me
) and Brian O'Donovan (
@BrianODonovan7
)!
#ifric
First episode of the
#ISSB
podcast now available.
ISSB Chair
@EmmanuelFaber
& Vice-Chair Sue Lloyd (
@ISSB_VC
) talk through the highlights from the inaugural ISSB meeting in Frankfurt.
Listen:
YouTube:
Coming soon – Issued IFRS Standards 2018 (Red Book). Includes IFRS Standards as issued by the
#IASB
at 1 Jan 2018, including
#IFRS17
and
#IFRS16
.
Subscribers will be able to access the book on eIFRS as part of their premium content.
Pre-order now:
#IASB
has proposed new
#IFRS
requirements to improve the way companies communicate information in the financial statements, including new profit subtotals in the income statement and ‘non-GAAP’ disclosures.
#PrimaryFinancialStatements
🎉Thank you to our speakers, sponsors and attendees who made the inaugural
#IFRS
Sustainability Symposium a success! With 1,000+ participants from 45 countries, the Symposium was a global event with diverse insights and participation.
#IFRSSustainability23
📽️Watch this webcast introducing
#IFRS18
, the forthcoming
#IFRSAccounting
Standard that will set out requirements for presentation and disclosures in the financial statements. It will affect all companies and investors:
#FinancialReporting
The
#IASB
proposes to require new comparable profit subtotals in the income statement and bring greater transparency to ‘non-GAAP’ measures.
#PrimaryFinancialStatements
#IFRS
Did you know that the IFRS Foundation offers a sustainability accounting credential? The FSA Credential program has now been updated to include content related to the development of the
#ISSB
Standards! Find out more:
#FSACredential
#ISSBStandards