IASB, ISSB plan to work jointly on reporting framework’s future
The standards boards say they will collaborate on building the Integrated Reporting Framework into their standard-setting work.
The standards boards say they will collaborate on building the Integrated Reporting Framework into their standard-setting work.
Targeted amendments proposed by the International Accounting Standards Board are designed to provide more information about the effects of supplier finance arrangements on a company’s liabilities and cash flows.
The proposal would require companies to report information to help investors assess whether noncurrent liabilities with covenants could become repayable within 12 months.
UK premium-listed companies will need to report against Task Force on Climate-related Financial Disclosures recommendations from the end of the year.
The Financial Reporting Council said it will focus on companies’ reporting against new climate-related requirements in 2022.
The review is aimed at helping investors understand the longer-term financial effects of climate change and other risks to companies’ prospects.
The XBRL taxonomy aims to simplify ESG reporting and improve data aggregation and analytics.
The regulator provided tips for companies across the areas of process, usability and appearance, and tagging.
Companies should provide information for investors to understand clearly APM calculations, the rationale for adjustments, and their limitations.
The global pandemic and the accompanying economic events have made viability and going concern a prominent issue for companies and investors alike.