World Accounting Report

The IASB's work plan includes a number of projects, which date back over several years, and which it is hoping to conclude in 2025 or 2026. Financial Instruments with Characteristics of Equity (FICE) is one of these projects that is now nearing..

The IASB identified a need to work on certain aspects of IFRS 9, Financial Instruments, as a result of its post-implementation review of the standard. In 2022, it decided to add a project to its research pipeline, and in February 2025, it began its..

The simplification of the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) will not have come as a surprise to anyone close to the European Union (EU) institutions, where there has been..

This issue covers the IASB's work on financial instruments, the FASB's latest accounting standards updates, and the EU's ongoing simplification of its sustainability reporting requirements. While the subject matter of these areas is unrelated, a..

The FASB and the IASB meet in September each year to exchange news and views about their projects. This meeting will be covered in the October 2025 issue of WAR. In the meantime, this article provides a summary of the FASB's recent activities...