The IASB recently discussed some potential amendments to the contractual cash flow characteristics requirements in IFRS 9 Financial Instruments. We’ve already addressed some potential amendments to clarify some of the underlying principles of the solely payments of principal and interest (‘SPPI’) assessment. You’ll recall that IFRS 9 is based on the premise that amortized cost…

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. The general exposure draft proposes that an entity be required to report its sustainability-related financial disclosures at the same time as…

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…

One of CPA Canada’s less adroit recent moments was as follows: The first part of the message is just conventional platitude, but still of a kind that a rational, forward-looking Canadian organization should have been able to avoid. The second part is rather more damagingly revealing. A4S, its website reminds us, “was established by HM…

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…

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…

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…

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…

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…

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…