Alignment

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IPSASB consults on alignment between accounting and government finance statistics

Imagine a finance ministry that has just finalised its audited financial statements, only to begin the painstaking process of reshaping much of the same data to produce financial statistics for international reporting. The numbers may be related, but the frameworks are not fully aligned, and the reconciliation can be time-consuming, complex, and at risk of […]

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AlignmentcomparabilityFRC

FRC maintains international alignment on adapted financial statement formats

By Editor

Financial Reporting Council (FRC) has confirmed that companies using adapted financial statement formats will remain aligned with international requirements.

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AlignmentIFRSISSBSustainabilityTransition

ISSB furthers sustainability disclosure harmonisation with focus on transition planning

By Editor

This week the International Sustainability Standards Board (ISSB) announced plans for harmonising the sustainability disclosure landscape during the IFRS Foundation Conference at London Climate Action Week.

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AlignmentEFRAGESRSSustainabilityTNFD

TNFD and EFRAG publish correspondence mapping, enhancing nature-related disclosures

By Editor

The Taskforce on Nature-related Financial Disclosures (TNFD) and the European Financial Reporting Advisory Group (EFRAG) recently released a correspondence mapping of the European Sustainability Reporting Standards (ESRS) and TNFD’s recommended disclosures.

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AlignmentcomparabilityEFRAGISSBSustainability

Looking to the future of sustainability reporting: alignment, comparability and digital thinking

By Editor

Sue Lloyd, Vice-Chair of the ISSB, recently gave an overview of developments in sustainability reporting. Looking to the future, she acknowledged the importance of digital reporting in interoperability.

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AlignmentEFRAGESRSGRISustainability

EFRAG and GRI confirm alignment and plan for digital harmony

By Editor

The European Financial Reporting Advisory Group (EFRAG) and the Global Reporting Initiative (GRI) have issued a statement confirming a high level of interoperability between their respective sustainability reporting standards.

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AlignmentIFRSIPSASIPSASB

Latest IPSAS-IFRS Alignment Dashboard shows alignment between standards

By Editor

Comparability and interoperability between different reporting standards is an ever-important topic within business reporting. One source for understanding alignment is the IPSAS-IFRS Alignment Dashboard, which was recently updated, providing a useful resource for anyone who wants to understand where the two standards align and depart.

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AlignmentEFRAGESGISSBStandardsSustainability

Voices raised for alignment on ESG

By Editor

As global, EU and US consultations on sustainability reporting drew to a close over recent weeks (as discussed here), we have seen a concerted push for collaboration and convergence from a huge range of organisations.

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AlignmentESGIntegrated ReportingIRSustainability

Mervyn King on connectivity in reporting

By Editor

The International Federation of Accountants (IFAC) has published a piece from Professor Mervyn King on ‘Stepping-stones for connectivity in financial and non-financial corporate reporting.’

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AlignmentIASBIFRSISSBStandards