Nearly 200 countries commit to moving away from fossil fuels. IFAC issues standards revision plans, and the UK and Switzerland approve an audit qualification agreement.
AICPA & CIMA are among nearly 400 organizations declaring support of the IFRS Foundation’s efforts to create a global baseline for sustainability reporting.
The UK Financial Reporting Council releases guidance to help companies produce annual reports that take a more strategic approach to assessing materiality.
Also, a letter from standards-setters to the ISSB addresses areas of concern in global sustainability standard reporting, and IPSASB updates conceptual framework to reflect IASB revisions.
This week’s roundup examines further proposed amendments from the IASB following the international tax reform and the IPSASB’s request for feedback on its 5-year work plan.
The IFRS Foundation this week published a proposed disclosure taxonomy and a comparison guide, both designed to assist those preparing for implementation of new global sustainability standards.
