Also, global accounting bodies endorse revised principles for sustainable economic transformation, and the Global Reporting Initiative focuses on alignment of sustainability reporting practices.
An IFRS partnership is intended to accelerate the adoption of these standards across Latin America and the Caribbean. Also, the UK government unveils reforms to pension schemes.
Also, the IAASB revises auditing standard on going concern, and the IFRS Foundation looks to bring nature-related information into financial reporting.
The proposals include the removal of around 80% of companies from the scope of CSRD — described as a “backward step” by the Global Reporting Initiative.
The IAASB and IESBA’s integrated framework aims to provide a unified, global approach to meet the growing demand for trustworthy sustainability information.
The UK Sustainability Disclosure Technical Advisory Committee endorses the first two IFRS sustainability disclosure standards for use, with minor amendments proposed.
