Accounting standards

IASB amends exchange rate standard; FRC updates Taxonomy Suite

Also, a new support scheme for SMEs aims to help businesses lower energy usage and save money.

FRC opens consultation on ethical standard revisions

Also, IFAC issues call to action to highlight the importance of an inclusive approach in reaching sustainable development goals.

IAASB issues draft sustainability assurance standard

Also, EFRAG adopts first set of sustainability reporting standards.

IFRS releases resources to support sustainability reporting

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.

UK regulator issues amendments to reporting standards

IFAC responds to European sustainability standards, and ethics guidance for auditors is released.

IFAC releases IAASB standards guidance for SMEs

FRC publishes TAS 100 guidance; IASB seeks academics for research project.

IASB seeks feedback on revenue standard

This week’s roundup examines the latest developments in corporate reporting, including an update on the IAASB’s work on sustainability assurance engagements.

Historic global standards for sustainability reporting released

The IFRS Foundation’s International Sustainability Standards Board issued IFRS S1 and IFRS S2 on Monday, the first two global standards for sustainability reporting.

UK regulator publishes thematic review of fair value measurement

The FRC says the review is to “encourage improvement in the general quality of company disclosures”. Also, IPSASB begins on climate-related reporting standards.

World Economic Forum, ISSB announce sustainability partnership

A newly formed group will offer perspective from preparers of corporate sustainability reports.

IPSASB updates revenue transaction and transfer expense standards

The board’s updated standards, which include three pronouncements, are applicable from 1 January 2026.

IFAC collaboration includes greenhouse gas reporting guidance

Also, the IASB opens consultation on proposed amendments to its SME standard.

IASB amends income taxes standard in accordance with OECD reforms

IFAC issues sustainability-related disclosure guidance for audit committees; the IASB issues disclosure requirements to increase transparency of companies’ supplier finance.

IFAC issues anti-corruption tool for accountancy organisations

This week’s roundup examines the latest developments in corporate reporting, including guidance from the IFRS for SMEs on reporting climate-related financial information.

IPSASB publishes sustainability guidance for the public sector

FRC seeks comments on potential revision of actuarial standards in the pensions industry.

IESBA releases public interest entity database to support revision adoptions

ISSB seeks stakeholder feedback on two-year work plan; FCA opens consultation on equity shares.

ISSB on track to publish 2-year plan

The UK FRC has issued guidance for more conversations between audit committees and investors; G7 nations set out plans to halt nature loss by 2030.

IESBA issues code revisions to incorporate growing digitisation

The final revisions undertake the possible ethics risks in the evolving landscape of technology; IASB will finalise amendments to income taxes standard.

ISSB to allow year of relief for companies’ sustainability disclosures

First-year reporting companies do not need to disclose risks beyond climate; IESBA publishes proposed work plan.

IOSCO sets out vision for global assurance framework

Two other international standard setters praise the report; IASB announces a project exploring link between company financial statements and climate risks.

Accounting standards

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