{"id":2095,"date":"2025-01-11T10:08:54","date_gmt":"2025-01-11T02:08:54","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=2095"},"modified":"2025-08-11T10:13:43","modified_gmt":"2025-08-11T02:13:43","slug":"ifrs-website-updates-sme-standards-taxonomy-changes-and-sustainability-connectivity-focus","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2025\/01\/11\/ifrs-website-updates-sme-standards-taxonomy-changes-and-sustainability-connectivity-focus\/","title":{"rendered":"IFRS website Updates: SME Standards, Taxonomy Changes, and Sustainability Connectivity Focus"},"content":{"rendered":"\n<p>The International Financial Reporting Standards (IFRS) Foundation has released significant updates across its digital platforms, impacting accounting professionals, standard-setters, and stakeholders globally. Key publications and announcements cover the IFRS for SMEs Accounting Standard, IASB research, taxonomy updates, governance changes, and enhanced sustainability reporting resources.<\/p>\n\n\n\n<p>Key Website Updates Include:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>IFRS for SMEs Accounting Standard:<\/strong> The January 2025 update to the <em>IFRS for SMEs Accounting Standard<\/em> is now available. This is essential reading for entities applying the SME framework.<\/li>\n\n\n\n<li><strong>IASB Research Forum Insights:<\/strong> Presentation materials from the influential 2024 IASB Research Forum have been published, offering insights into future standard-setting priorities.<\/li>\n\n\n\n<li><strong>IFRS Taxonomy Update:<\/strong> A summary of the discussions held at the December 2024 IFRS Taxonomy Consultative Group meeting is now accessible, detailing progress on digital reporting developments.<\/li>\n\n\n\n<li><strong>Trustees&#8217; Handbook Consultation:<\/strong> The IFRS Foundation Trustees have launched a consultation proposing updates to the <em>Due Process Handbook of the IFRS Foundation<\/em>. These revisions aim to formally incorporate the International Sustainability Standards Board (ISSB) into the Foundation&#8217;s standard-setting governance structure.<\/li>\n\n\n\n<li><strong>IASB &amp; ISSB Monthly Updates:<\/strong> The comprehensive December 2024 updates for both the International Accounting Standards Board (IASB) and the ISSB are live. These include high-level summaries of Board decisions and project progress. Accompanying podcasts provide accessible overviews.<\/li>\n\n\n\n<li><strong>Emerging Economies Group (EEG):<\/strong> The agenda and meeting papers for the December 2024 EEG meeting are available, highlighting issues pertinent to implementing IFRS Standards in emerging markets.<\/li>\n\n\n\n<li><strong>Sustainability Consultative Committee (SCC):<\/strong> The agenda and meeting papers for the December 2024 SCC meeting have been published, detailing discussions advising the ISSB on sustainability-related financial disclosure standards.<\/li>\n\n\n\n<li><strong>New Webcast Series: Financial-Sustainability Connectivity:<\/strong> The IFRS Foundation has announced a new webcast series specifically focused on the critical topic of connectivity between financial statements and sustainability-related financial disclosures. This addresses a core demand from investors and other report users.<\/li>\n<\/ol>\n\n\n\n<p>These updates provide critical resources for staying current on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Accounting Standards:<\/strong> Direct changes to the IFRS for SMEs.<\/li>\n\n\n\n<li><strong>Digital Reporting:<\/strong> Developments in the IFRS Taxonomy for structured digital reporting.<\/li>\n\n\n\n<li><strong>Governance:<\/strong> Evolving processes integrating the ISSB.<\/li>\n\n\n\n<li><strong>Research &amp; Emerging Markets:<\/strong> Future IASB directions and regional implementation challenges.<\/li>\n\n\n\n<li><strong>Sustainability Integration:<\/strong> Key ISSB developments and the crucial link between financial and sustainability reporting (highlighted by the new webcast series).<\/li>\n<\/ul>\n\n\n\n<p><strong>Access Information:<\/strong><br>All materials, including agendas, meeting papers, summaries, podcasts, and details on the new webcast series, can be found directly on the IFRS Foundation website: <a href=\"https:\/\/www.ifrs.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.ifrs.org\/<\/a>.<\/p>\n\n\n\n<p><strong>Source:<\/strong> IFRS Foundation, 10 January 2025<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Financial Reporting Standards (IFRS) Foundation has released significant updates across its digital platforms, impacting accounting professionals, standard-setters, and stakeholders globally. Key publications and announcements cover the IFRS for SMEs Accounting Standard, IASB research, taxonomy updates, governance changes, and enhanced sustainability reporting resources. Key Website Updates Include: These updates provide critical resources for staying [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,8,6],"tags":[],"class_list":["post-2095","post","type-post","status-publish","format-standard","hentry","category-accounting","category-incometax","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/2095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=2095"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/2095\/revisions"}],"predecessor-version":[{"id":2096,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/2095\/revisions\/2096"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=2095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=2095"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=2095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}