Please find below a brief summary of news and events from the IFRS®
Foundation over the past month:
IASB and ISSB Chairs speak at World Standard-setters Conference
The annual World Standard-setters Conference in London on 25-26 September 2023,
gathering standard-setters from over 70 countries. In his speech, Chair of the
International Accounting Standards board (IASB) Andreas Barckow reflected on the
IASB’s heritage and the journey to a global accounting language. He also discussed
some of the IASB’s key projects and how the IASB works with the IFRS Interpretations
Committee. Read his speech or watch the recording of it.
As part of this project, which is named Climate-related and Other Uncertainties in the Financial
Statements, the IASB has brought together in one place all its
available materials supporting companies in their reporting of the effects of
climate-related and other uncertainties in the financial statements. The materials
can be found on the project page, and will include translations of educational
material published earlier in the year as they become available.
Proposed General Annual Improvements to IFRS Accounting Standards
Transition Implementation Group (TIG) members announced
The TIG has been established to support implementation of IFRS S1 and IFRS
S2, with the objective of providing a public forum for any
stakeholder to share implementation questions with the ISSB and to follow the
discussion of those questions. These discussions will help the ISSB determine what,
if any, action will be needed to address the implementation questions. Possible
actions include providing supporting materials such as webinars, case studies and
other educational material.
ISSB congratulates Task Force on Nature-related Financial Disclosures (TNFD) on
Consistent with the ISSB’s approach of building upon the work of market-led
initiatives grounded in current-best practice and thinking, the ISSB will look to
the TNFD recommendations—where it relates to meeting the information needs of
investors—in its future work.