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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
The ISSB will deliver a global baseline of sustainability disclosures to meet capital market needs.
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The International Accounting Standards Board (Board) issued in September 2017 new non-mandatory guidance to help companies make materiality judgements when preparing their financial statements. The guidance is called IFRS Practice Statement 2 Making Materiality Judgements.
In this video, Board Member Françoise Flores introduces the Practice Statement and explains:
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