-
US update: May 2022
Online Published Date : 20 June 2022 | Appeared in issue: 25.04 - 20 June 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 planSpeaking in early May..
World Accounting Report
-
Editorial
Online Published Date : 20 June 2022 | Appeared in issue: 25.04 - 20 June 2022
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..
-
Accounting for sustainable financial instruments
Online Published Date : 20 June 2022 | Appeared in issue: 25.04 - 20 June 2022
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..
-
International update: May 2022
Online Published Date : 20 June 2022 | Appeared in issue: 25.04 - 20 June 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..