With the war in Ukraine raging for over a month now, it is time for companies to assess the impact of the crisis on their financial statements – though obviously, not all companies will have the same level of exposure. While market regulators and national authorities have already published statements drawing entities’ attention to their duty of transparency in disclosures, there are certain issues where clarification is needed. We provide some answers in this issue.
March also saw the appointment of EFRAG’s new Sustainability Reporting Board, which held its first meeting on 31 March. The SR Board will have the formidable task of launching the public consultation on the proposed European Sustainability Reporting Standards (of which there are around 20) in the near future. While the ISSB is not yet up to full strength, it nonetheless managed to get a step ahead by publishing for comment its first two exposure drafts of IFRS Sustainability Disclosure Standards (IFRS S1, General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2, Climate-related Disclosures). The comment period is open until 29 July 2022.
164 - Beyond the GAAP - March 2022
FR Lettre Doctrine Mazars Mars 2022
ENG Beyond the GAAP March 2022