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US update: May 2022
In a recent speech,1 the FASB chair has given some further insights into the Board’s thinking about its future work plan. The Board has also issued new updates to introduce improvements into existing standards.
Future work plan
Speaking in..
Online Published Date:
30 May 2022
Appeared in issue:
25.04 - 30 May 2022
Editorial
An influential report, Flying Blind, published in 2021 showed that more than 70% of over 100 companies from carbon-intensive industries around the world did not explain whether they had taken climate risks into account in their financial statements..
Online Published Date:
30 May 2022
Appeared in issue:
25.04 - 30 May 2022
Accounting for sustainable financial instruments
IFRS 9, Financial Instruments, was a controversial standard during its development and its adoption into EU law. It is now subject to a Post-Implementation Review (PIR) and is once again attracting debate. In their April 2022 meeting, IASB members..
Online Published Date:
30 May 2022
Appeared in issue:
25.04 - 30 May 2022
International update: May 2022
In its April 2022 meeting, the Board agreed on its priorities for the next five years, 2022 until 2026. It decided that projects on cash flow statements, intangibles and climate-related risks should be added to its work plan. This final selection..
Online Published Date:
30 May 2022
Appeared in issue:
25.04 - 30 May 2022