World Accounting Report

The year 2022 was a landmark one for the IFRS Foundation, and the annual report1 for that year, which was published in early April 2023, reveals some interesting information about how the activity to establish and run the ISSB has been funded, and..

One of the key challenges facing the IFRS Foundation is to ensure the "connectivity" between financial and sustainability information provided by companies to investors in compliance with the standards of the IASB and the ISSB. Stakeholders expect..

Review of Revenue Recognition standard

The IASB has begun work on its project to assess whether any of its standards need to be amended so that companies' financial statements will better reflect the effects of climate-related risks than they do at present. This work is a part of the..

This article provides a brief overview of the first standard in the suite of European Sustainability Reporting Standards (ESRS) developed by EFRAG. It explains how the standards should be applied, with a focus on how companies should assess what..