October 2022

The G7 Finance Ministers and Central Bank Governors have issued a statement on climate issues in which they reiterate their commitment to move towards mandatory climate-related financial disclosures and welcome the International Sustainability Standards Board’s (ISSB) work to develop a truly global baseline of sustainability disclosures to inform investment decisions.

Ken Shibusawa will provide strategic counsel to the Chair of the ISSB Emmanuel Faber, with a specific focus on jurisdictional matters in relation to the adoption of IFRS Sustainability Disclosure Standards in Japan.

Candidates are being sought from the Asia-Oceania region, the Americas, Europe and the At Large category for positions starting on 1 January 2024. Applications from the relevant regions will be given full and comprehensive consideration. The deadline for application is 15 December 2022.

Registration for the inaugural IFRS Sustainability Symposium─being held on 17 February 2023 in Montreal, Canada─is now open.

The ISSB unanimously voted to require company disclosures on Scope 1, 2 and 3 greenhouse gas emissions applying the current version of the GHG Protocol Corporate Standard, in its October meeting.

The IASB has issued amendments to IAS 1 Presentation of Financial Statements that aim to improve the information companies provide about long-term debt with covenants.

The aim of the proposed amendments is to respond to stakeholders’ feedback on the Request for Information published in September 2021 as part of the Post-implementation Review of IFRS 9─Classification and Measurement.

The IASB has now made available an optional response document that stakeholders can use to provide comments on the proposals to update the IFRS for SMEs Accounting Standard.

Lily Hu, Patrick Matos and Feifei Wang have been appointed to the Global Preparers Forum for a five-year term.

The online session, on 18 November 11:00–13:00 GMT, will be held by the IASB in conjunction with the European Accounting Association and the European Financial Reporting Advisory Group. The session will discuss topics on what digital reporting is; the IFRS Accounting Taxonomy; and digital reporting and standard-setting.

Key decisions have been made in the redeliberations of the exposure draft on the Primary Financial Statements project. Here is a webinar recording, which was held on 14 October, discussing these decisions.

University student groups studying IFRS Accounting Standards are once again being welcomed by the IASB to learn more about the IFRS Foundation, the IASB’s work, current projects and technical matters.

Here is the October Update from this month’s IASB meeting.

The Update from the meeting held in Montreal, Canada, can be found here.

Committee Chair and IASB member Bruce Mackenzie, and Technical Staff Member Patrina Buchanan, discuss activities to support the consistent application of IFRS Accounting Standards in the third quarter of 2022.

• Due Process and Oversight Committee─26 October
• IASB meeting─18-20 October
• ISSB meeting─18-21 October
• Sustainability Consultative Committee─13 October
• IFRS Advisory Council─11-12 October
• World Standard-setters Conference summary─26-27 September
• Jurisdictional Working Group meeting summary─19 September

• Chief People Officer (Frankfurt, Germany; Montreal, Quebec, Canada; Canary Wharf, London)
• Payroll Coordinator (Canary Wharf, London)
• Facilities Team Leader (Canary Wharf, London)
• Human Capital Lead─ISSB Technical Staff (Frankfurt, Germany; or Montreal, Quebec, Canada)