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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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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.
Webinars were recently held in Chinese, Portuguese, Korean and Spanish to introduce the Exposure Draft General Presentation and Disclosures, a consultation document of the Primary Financial Statements Project. Recordings of these live webinars are now available; each lasted approximately 45 minutes.
The International Accounting Standards Board is seeking feedback on the Exposure Draft General Presentations and Disclosures. The webinar discusses the proposals in the Exposure Draft, which set out to improve how companies communicate information in their financial statements, with a focus on the statement of profit or loss.
The proposed improvements encompass the introduction of required subtotals, including a defined operating profit subtotal. The proposals also include new disclosure requirements for some non-GAAP measures defined as management performance measures. The Board proposes to replace IAS 1 Presentation of Financial Statements with a new IFRS Standard that would comprise new requirements and some requirements carried forward from IAS 1 unchanged or with only minor amendments.
The proposals would also amend a number of other IFRS Standards. A question and answer session with participants is included towards the end of each webinar.
View the recordings via the links below or visit our YouTube channel, where other webcasts and podcasts can be found.
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