Contractual cash flow characteristics – resist that variability!

The IASB recently discussed some potential amendments to the contractual cash flow characteristics requirements in IFRS 9 Financial Instruments. The purpose of these would be to clarify some of the underlying principles of the “solely payments of principal and interest” (‘SPPI’) assessment. Feedback from the post-implementation review of IFRS 9 had indicated “that the IASB…

Sustainability-related disclosures – and now for our next problem…

As we addressed here, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures and Climate-related Disclosures, which were both open for comment until July 29, 2022. Here’s an extract: The basis for conclusions provides various examples of the disclosures that might result from this, for instance: These comments are…

Comment letters to the ISSB – those go into the trash pile!

As we addressed here, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures (S1) and Climate-related Disclosures (S2), which were both open for comment until July 29, 2022. We’ve noted several times the vast number of comment letters – more than 1,400! – received on the two projects. CFA…

We’re friends of science, and you the ISSB, you’re not!

As we addressed here, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures and Climate-related Disclosures, which were both open for comment until July 29, 2022. As you’d expect, the more than 1,400 comment letters received on the two projects take every approach imaginable: some provide detailed point by…

Sustainability-related disclosures – don’t make us restate!

As we addressed here, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures and Climate-related Disclosures, which were both open for comment until July 29, 2022. The first document contains the following: The basis for conclusions explains: KPMG, for one, didn’t agree with that reasoning: But if you ever…

Sustainability-related disclosures – more rivers to cross…

As we addressed here, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures and Climate-related Disclosures, which were both open for comment until July 29, 2022. The exposure draft on general disclosures sums up the overall approach as follows: We looked here at some of the issues relating to…

Sustainability-related disclosures – don’t make us work that hard!

As we addressed here, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures and Climate-related Disclosures, which were both open for comment until July 29, 2022. Here’s an extract from the general disclosure document: KPMG remarks on this proposal as follows in its comment letter: While stating that they…

Disclosing “Scope 3” emissions – mixed reactions, part 2

As we addressed here, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures and Climate-related Disclosures, both open for comment until July 29, 2022. Let’s continue where we left off last time, surveying some of the reaction to the proposals relating to disclosing “Scope 3” greenhouse gas emissions. This…

Disclosing “Scope 3” emissions – mixed reactions, part 1

As we addressed here, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures and Climate-related Disclosures, both open for comment until July 29, 2022. To recap the background on a key aspect of the climate-related proposals, the most commonly cited standard for measuring greenhouse gas emissions is the GHG…