The International Accounting Standards Board (IASB) recently issued its Exposure Draft, “Climate-related and Other Uncertainties in the Financial Statements.”
This Exposure Draft proposes eight examples to illustrate how companies apply IFRS® Accounting Standards when reporting the effects of climate-related and other uncertainties in their financial statements. To respond to concerns about insufficient and inconsistent information on the effects of these uncertainties, the IASB’s proposed examples aim to:
- improve transparency of information in financial statements; and
- strengthen the connection between financial statements and other parts of a company’s reporting, such as sustainability disclosures.
The examples focus on areas such as materiality judgments, disclosures about assumptions and estimation uncertainties, and disaggregation of information. The principles and requirements illustrated in these examples apply equally to other types of uncertainties beyond climate-related uncertainties.
Why should you attend?
- Learn more about the proposals and their potential impact on financial reporting by entities across all sectors.
- Take advantage of this opportunity to share your views directly with representatives of the AcSB.
Can’t attend?
If you are unable to attend the roundtable or would prefer to speak to us in French, please contact us so we can consider alternative ways to obtain your input.
Comments are due to the IASB by November 28, 2024.
How to prepare
- Read the IASB’s Exposure Draft for full details on the proposals.
- Polling questions for this event will be shared with registrants before the event date.
Note: By registering for the event, you agree to be contacted about news, events, and/or other opportunities associated with the project.