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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), in conjunction with the European Accounting Association (EAA), held a virtual research seminar on 10 July 2020, which provided an overview of the Board’s Exposure Draft General Presentation and Disclosures and relevant academic literature.
The proposals in this project affect everyone applying IFRS Standards, and their aim is to improve communication in the financial statements, with a focus on the statement of profit or loss.
The session obtained feedback from academics on the proposals and discussed relevant academic evidence. It was moderated by EAA President Thorsten Sellhorn, with presentations from technical staff members, followed by Q&As with staff and Board Members Tom Scott and Ann Tarca.
Access the recording of the seminar below. This video is also available on our YouTube channel, which has a dedicated Primary Financial Statements playlist.
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