As we’ve addressed many times, 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. Last time we looked at some reaction to the following proposal in S2: Let’s continue with that today. Some respondents…

As we’ve addressed many times, 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. A key aspect of the S2 document is the following proposed requirement: The document defines climate-related scenario analysis as “a…

“IASB proposes temporary relief from deferred tax accounting for OECD Pillar Two taxes,” announced a recent release Here are some extracts: On the latter point, the rules apply a system of top-up taxes that results in the total amount of taxes payable on excess profit in each jurisdiction representing at least the minimum rate of…

As we’ve addressed many times previously, the International Sustainability Standards Board 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 S2 exposure draft proposes industry-based disclosure requirements derived from the existing SASB Standards (these aren’t included in the body of…

IASB publishes its review of classification and measurement requirements relating to financial instruments, announced a recent release. Here are some extracts: The PIR provides the following overall comments on classification and measurement: Of course, in the absence of further detail, it’s possible that some of the companies in that latter group just didn’t have the…

As we’ve addressed many times, the International Sustainability Standards Board 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. Last time we looked at the exposure draft’s absence of a definition for the central term “sustainability-related,” leading to a recent…

As we’ve addressed many times, the International Sustainability Standards Board 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 core objective of S1 “is to require an entity to disclose information about its significant sustainability-related risks and opportunities that…

It’s time now for another selection of tweets that made mention of IFRS in some form, presented here in their original form, all typos and oddities and possible obscenities intact. I’ve been providing these compilations periodically for years, based on my regular scanning of Twitter for useful information, and to be honest it’s never been…

A new source of acronym-related fun! We’ve often noted examples in this space of “IFRS” being used as an acronym for something other than what we accountants know it to mean, some from real life and some, well, which I made up myself. We can now start supplementing this with examples of “ISSB” being used…

Courtesy of my mole at the International Sustainability Standards Board (this is not the same person as my mole at the International Accounting Standards Board, although the two of them do often meet up for coffee) I now present a selection of recent correspondence to and from the office of the Chair, Emmanuel Faber. You…