World Accounting Report

The EC has invited EFRAG to start work to develop sustainability reporting standards as soon as possible. This will also mean that EFRAG will need to implement changes to its governance structure as envisaged by its President Jean-Paul..

The Trustees of the IFRS Foundation have published a feedback statement on their proposals to establish a new board to develop standards for sustainability reporting. The proposed board would operate in parallel to the IASB within the governance..

The key topics covered in the May 2021 Board meeting were goodwill and impairment, and Primary Financial Statements (PFS). Much of the time spent discussing goodwill was taken up with the debate about whether to reintroduce amortisation about which..

The European Commission has invited EFRAG to develop standards on sustainability reporting. The organisation will be working to a tight timetable, as it is expected to provide the Commission with its first batch of standards by the middle of 2022,..

The Trustees of the IFRS Foundation recently released a second consultation document linked to their proposal to create a new board to operate within the governance structure of the Foundation. This board would be responsible for setting standards..