The International Financial Reporting Standards Foundation (IFRS) has published significant updates across its digital platforms, featuring new technical resources, upcoming meeting details, and summaries of recent advisory discussions. These updates are critical for accounting professionals, standard-setters, and corporate reporters tracking global developments in financial and sustainability disclosure standards.
Here’s a breakdown of the newly available content:
- NEW Webcast: Proportionality in Sustainability Standards
A dedicated webcast explores the application of proportionality mechanisms within the IFRS Sustainability Disclosure Standards (S1 and S2). This resource addresses scalability concerns, particularly for smaller entities, clarifying how materiality assessments and disclosure requirements can be proportionally applied. - Webcast: Exposure Draft on Provisions (Targeted Improvements)
Technical staff present an in-depth analysis of the proposed amendments in the Exposure Draft Provisions — Targeted Improvements. This session focuses on potential refinements to IAS 37, specifically addressing the accounting treatment for onerous contracts and lease liabilities. - January 2025 ISSB Meeting Agenda & Papers
Full agenda and supporting documents for the upcoming International Sustainability Standards Board (ISSB) meeting are now accessible. These materials outline the topics for discussion, including project updates, research proposals, and potential new standard-setting activities related to sustainability disclosures. - January 2025 IASB Meeting Agenda & Papers
The agenda and comprehensive pre-meeting materials for the International Accounting Standards Board (IASB) session are published. Key technical topics on the agenda include ongoing projects like the Equity Method, Business Combinations under Common Control, and maintenance of existing IFRS Accounting Standards. - December 2024 ASAF Meeting Summary
A summary of the discussions held at the December 2024 Accounting Standards Advisory Forum (ASAF) meeting is now available. This document captures insights and feedback provided by national standard-setters from across the globe on active IASB and ISSB projects, offering valuable perspectives on future standard development.
These updates provide essential resources for understanding current priorities and technical deliberations of the IASB and ISSB. The webcasts offer practical guidance on complex areas (proportionality in sustainability reporting, provisions accounting), while the meeting agendas and papers grant transparency into the standard-setters’ upcoming work plans. The ASAF summary reflects global input shaping future accounting and sustainability standar
Access the Updates:
All materials are available directly on the IFRS Foundation website.