The IAASB and IESBA jointly seek to assist practitioners in the consistent application of standards. Also, the IFRS Foundation issues an update on global ISSB adoption.
The latest data from research by the International Federation of Accountants, the AICPA, and CIMA reveals that nearly three-quarters of the largest global companies obtained assurance of sustainability disclosures in 2023.
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.
Not surprisingly, the Corporate Sustainability Reporting Directive is driving how companies view climate risk. It’s also driving companies to a better understanding of related business opportunities.
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.
