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Items tagged with "IFRS"

IASB launches transformative IFRS 18 standard

This week the International Accounting Standards Board (IASB) released its newest standard, IFRS 18 – Presentation and Disclosure in Financial Statements.

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Enhancing financial transparency with digital financial reporting

In the ever-evolving landscape of financial reporting, the transition to digital has been a crucial shift to streamline processes, enhance; comparability and improve analysis, benefiting investors and stakeholders alike.

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IFRS Foundation releases 2024 taxonomy

The IFRS Foundation has published the 2024 IFRS Accounting Taxonomy, facilitating the digital reporting of financial information aligned with IFRS Accounting Standards. This release enables companies to efficiently tag disclosures, enhancing accessibility for investors.

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IFRS Foundation monitoring board emphasises oversight of standard-setting

In a recent meeting held in Madrid, Spain, the IFRS Foundation Monitoring Board reaffirmed the crucial role of ongoing oversight in governing the standard-setting activities of the IFRS Foundation.

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Unlocking Investor Insights: IFRS Emphasises Industry-Specific Disclosures

A recent webcast by the IFRS Foundation sheds light on the significance of industry-specific disclosures to investors, emphasising their role in providing decision-useful insights.

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Introduction to the upcoming IFRS 18 accounting standard

The IASB recently released an informative webcast introducing the forthcoming IFRS Accounting Standard, IFRS 18 Presentation and Disclosure in the Financial Statements. This new standard aims to enhance the reporting of financial performance, addressing investors’ demands for better information.

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ISSB and GRI alignment for GHG reporting

The Global Reporting Initiative (GRI) and the IFRS Foundation have collaborated to recently publish “Interoperability considerations for GHG emissions when applying GRI Standards and ISSB Standards.” The publication serves as a guide for companies navigating the measurement and disclosure of Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions.

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EFRAG Study on IFRS 15 yields insights into utility

The European Financial Reporting Advisory Group (EFRAG) has recently published a study shedding light on the effects of the adoption of IFRS 15.

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IFRS Foundation proposes updates to the IFRS Accounting Taxonomy 2023

The IFRS Foundation has proposed updates to the IFRS Accounting Taxonomy 2023. This Proposed Update 2 addresses three key areas: common practice for financial instruments, general improvements, and technology updates.

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Empowering digital clarity: ITCG

A refreshed and reconstituted IFRS Taxonomy Consultative Group (ITCG) met yesterday and will continue to deliberate tomorrow at the IFRS offices in London.

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