News

9. December 2024

EFRAG announces release of 64 new explanations – updating the compilation of explanations to a total of 157

On 6 December 2024 EFRAG announced the release of 64 new Explanations added to its Compilation of Technical Explanations. Included in the Compilation (ID 177) is the mapping of sustainability matters in paragraph AR 16 of ESRS 1 with the Disclosure Requirements in topical standards. The total of explanations available is 157 and Appendix III to the Compilation also identifies 133 questions already answered through Implementation Guidance and published explanations. Read more

2. December 2024

First ASCG Preparer Forum on the Implementation of IFRS 18

On 29 November 2024, the ASCG’s preparer forum on the implementation of IFRS 18 met for the first time. Read more

2. December 2024

Taxonomy Regulation: New FAQs published

On 29 November 2024, the European Commission published draft FAQs to clarify issues relating to the Taxonomy Regulation (Regulation (EU) 2020/852) and the associated delegated acts. The draft is initially only available in English and is expected to be published in the Official Journal of the EU in all official EU languages in 2025, although its content may still be amended by then. Read more

26. November 2024

EFRAG publishes Discussion Paper „The Statement of Cash Flows – Objectives, Usages and Issues“

On November 22nd 2024, EFRAG published its Discussion Paper ‘The Statement of Cash Flows - Objectives, Usages and Issues’. The objective of the discussion paper is to identify and address the perceived issues with the statement of cash flows prepared in accordance with IAS 7, thereby contributing to the IASB research project ‘Statement of Cash Flows and Related Matters’. Read more

21. November 2024

DRSC comments on the IASB’s Exposure Draft ED/2024/6 Climate-related and Other Uncertainites in the Financial Statements – Proposed illustrative examples

On November 15, 2024, the DRSC’s Financial Reporting Technical Committee (FR TC) published its response to the IASB’s Exposure Draft Climate-related and Other Uncertainties in the Financial Statements – Proposed illustrative examples (ED/2024/6). Read more

19. November 2024

ASCG comments on IASB ED/2024/5 Amendments to IFRS 19

On 18 November 2024, the ASCG submitted their comment letter on the IASB ED/2024/5 Amendments to IFRS 19 to the IASB. Read more

14. November 2024

CSRD: German language version of Commission FAQs published in the Official Journal of the EU

On 13 November 2024, the European Commission published a notice (C/2024/6792) containing clarifications on the requirements of the CSRD (Directive (EU) 2022/2464), the SFDR (Regulation (EU) 2019/2088) and the ESRS (Delegated Regulation (EU) 2023/2772). Read more

14. November 2024

IOSCO publishes report on Transition Plans

The International Organization of Securities Commissions (IOSCO) published a report on transition plan disclosures on 13 November 2023. Read more