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                                                Europe update: October 2021
                                            
                                            
                                                
                                        
                                    
                                                
                                                    
                                                    
                                                    It is not surprising in the light of EFRAG’s extended remit that hardly a day goes by without some news item being released. These include the usual range of announcements and reminders of events and regular meetings, advertisements for staff..
                                                
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                                    Online Published Date: 
                                                    
                                                        31 October 2021
                                                    
                                                
                                                
                                                    Appeared in issue: 
                                                    
                                                            24.08 - 25 November 2021
                                                    
                                                
                                            
                                            
                                                Companies fall short on reporting on climate change
                                            
                                            
                                                
                                        
                                    
                                                
                                                    
                                                    
                                                    Two organisations, Carbon Tracker and the Climate Action Project, recently published a joint study,1 which found that companies that are major carbon emitters are not making relevant disclosures in the financial statements about how they are..
                                                
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                                    Online Published Date: 
                                                    
                                                        31 October 2021
                                                    
                                                
                                                
                                                    Appeared in issue: 
                                                    
                                                            24.08 - 25 November 2021
                                                    
                                                
                                            
                                            
                                                FRC reports on latest findings on audit quality inspections
                                            
                                            
                                                
                                        
                                    
                                                
                                                    
                                                    
                                                    Each summer, the UK’s Financial Reporting Council (FRC) reports on the latest findings from its audit quality inspections. Despite the broader focus on audit quality since the collapse of Carillion in January 2018, the message resulting from..
                                                
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                                    Online Published Date: 
                                                    
                                                        31 October 2021
                                                    
                                                
                                                
                                                    Appeared in issue: 
                                                    
                                                            24.08 - 25 November 2021
                                                    
                                                
                                            
                                            
                                                International update: October 2021
                                            
                                            
                                                
                                        
                                    
                                                
                                                    
                                                    
                                                    The latest IASB meeting was the first time the Board members have met face to face since March 2020, although three members from New Zealand, South Africa, and Brazil were still working remotely. Recent changes to the composition of the Board meant..
                                                
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                                    Online Published Date: 
                                                    
                                                        31 October 2021
                                                    
                                                
                                                
                                                    Appeared in issue: 
                                                    
                                                            24.08 - 25 November 2021
                                                    
                                                
                                            
                                            
                                                Editorial
                                            
                                            
                                                
                                        
                                    
                                                
                                                    
                                                    
                                                    In September, IASB chairman Andreas Barckow gave his inaugural speech at the Board’s annual conference for standard-setters from around the world, which this year was, once again, held virtually. The new chairman is no stranger to the event,..
                                                
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                                    Online Published Date: 
                                                    
                                                        31 October 2021
                                                    
                                                
                                                
                                                    Appeared in issue: 
                                                    
                                                            24.08 - 25 November 2021