World Accounting Report
Reporting the effects of climate risk in financial statements: Part II
Reporting the effects of climate risk in financial statements: Part II
The IASB changed its usual due process earlier this year, when it published a "near final" draft
1 of illustrative examples that have been under development for the past two years. The examples are designed to show companies
how existing requirements of IFRS Accounting Standards should be applied to climate risk and other uncertainties. The background
to the project, and examples one and two were covered in last month's issue (WAR, October 2025), the remaining examples are
covered in this article.