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The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted accounting and sustainability disclosure standards.

Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
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IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.

IFRS Accounting Standards are, in effect, a global accounting language—companies in more than 140 jurisdictions are required to use them when reporting on their financial health. The IASB is supported by technical staff and a range of advisory bodies.
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IFRS Sustainability Disclosure Standards are developed by the International Sustainability Standards Board (ISSB). The ISSB is an independent standard-setting body within the IFRS Foundation.

IFRS Sustainability Disclosure Standards are developed to enhance investor-company dialogue so that investors receive decision-useful, globally comparable sustainability-related disclosures that meet their information needs. The ISSB is supported by technical staff and a range of advisory bodies.
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ABOUT US

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About us How we set IFRS Standards Post-implementation Reviews How we support the application of our Standards Annual reports

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Climate-related and Other Uncertainties in the Financial Statements

Climate-related and Other Uncertainties in the Financial Statements

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CONSULTATION FEEDBACK

PROJECT HISTORY

PROJECT NEWS

MEETINGS

Current stage

In July 2024, the International Accounting Standards Board (IASB) published the Exposure Draft Climate-related and Other Uncertainties in the Financial Statements. The Exposure Draft proposes eight examples illustrating how an entity applies the requirements in IFRS Accounting Standards to report the effects of climate-related and other uncertainties in its financial statements.

The comment period on the Exposure Draft closed on 28 November 2024. The IASB will continue to discuss feedback and decide the project’s direction at future meetings.

IASB® Update May 2025

The IASB met on 20 May 2025 to discuss a preliminary analysis of the feedback on the Exposure Draft Climate-related and Other Uncertainties in the Financial Statements.

The IASB was not asked to make any decisions.

Next milestone

Decide Project Direction

Previous meeting

Accounting Standards Advisory Forum May 2025

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