The International Accounting Standards Board (IASB) has today decided to proceed with seven illustrative examples that aim to improve the reporting of uncertainties in the financial statements. These examples use climate-related scenarios to illustrate principles that apply broadly to all types of uncertainties.
Responding to stakeholder feedback, the IASB developed these examples to address concerns about inconsistencies between information disclosed in the financial statements and in other reports. The examples demonstrate how IFRS Accounting Standards apply when reporting uncertainties in the financial statements.
To support timely and informed application, the IASB plans to publish a near-final draft of the examples early in the third quarter of 2025.
Andreas Barckow, Chair of the IASB, said:
By publishing a near-final draft, we aim to provide companies early sight of these illustrative examples so as to help them understand what is coming their way.
The IASB expects to issue the final document in October 2025.
Followable tags
IFRS Accounting Standards development
IFRS 9 Financial Instruments
Conceptual Framework for Financial Reporting
IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
IFRS S2 Climate-related Disclosures
IAS 1 Presentation of Financial Statements
IAS 36 Impairment of Assets
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
