Accounting standards

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.

IASB proposes narrow-scope amendments to IFRS 9

This week’s roundup examines the recent developments in corporate reporting, including guidance for audit firms from the UK Financial Reporting Council.

IESBA releases final code revisions to group audits

Read a roundup of recent developments affecting finance professionals, including an update from the UK Endorsement Board on IAS 12 reforms.

UK unveils scheme for energy-intensive companies; IESBA proposes code revisions

This roundup examines the UK government’s plan to support energy-intensive businesses and the IESBA’s exposure draft on tax planning.

First global sustainability standards approach the finish line

The International Sustainability Standards Board announces that IFRS S1 and IFRS S2 will be released in June and effective for some companies in 2024.

UK sets out plan to regulate cryptoassets; FRC opens consultation

The IASB has published a document explaining priorities for a project related to business combinations.

New audit rules proposed for LCEs; CMA scrutinises ‘greenwashing’

This roundup examines the IAASB’s proposed auditing standard for less-complex entities and an update on the CMA’s ongoing work into misleading green claims.

IPSASB and GSSB seek comment on exposure drafts

Read a roundup of the recent developments in corporate reporting.

UK energy support scheme; IAASB objectives for auditing standards

Read a roundup of the latest developments in corporate reporting and an update on the UK Government’s new business energy support scheme.

IASB publishes exposure draft on proposed amendments to income taxes standard

The exposure draft aims to clarify the implications of the OECD’s Pillar Two model rules on IAS 12, Income Taxes.

ISSB defines sustainability; FRC proposes revisions to revenue and lease standards

Read a roundup of the recent developments in corporate reporting, including UK government legislation on flexible working.

IASB proposes narrow-scope amendments to income taxes standard; EU directive addresses board diversity

Read a roundup of the latest developments in corporate reporting, including audit support measures from the FRC.

EU looks to alleviate cyberthreats; IASB publishes proposed taxonomy amendments

Here is a roundup of the latest developments in the financial reporting world, with an update on the IASB’s taxonomy amendments.

IFRS Foundation proposes taxonomy changes to enhance data and improve usability

The proposed changes are in response to feedback from users and preparers of tagged financial statements.

IAASB releases IAS 1 guidance; EU adopts sustainability directive

Read a roundup of the latest developments in corporate reporting, including an update on IFRS 17.

UK regulator finds common themes and areas for improvement in governance reporting

The assessment supports the FRC’s growing body of evidence on those areas where improvements could be made.

IPSASB seeks comments on sustainability guidance proposals

An exposure draft proposes additional guidance on how two previously published Recommended Practice Guidelines can be applied by governments and public sector entities to report on sustainability programme information.

ISSB vote confirms required use of climate-related scenario analysis

The International Sustainability Standards Board also said it provided guidance on which climate scenarios an entity should use.

Accounting standards

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