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Please find below a brief summary of news and events from the IFRS® Foundation over the past month:

Brazil adopts ISSB global baseline, as IFRS Foundation Trustees meet in Latin America

The Brazilian Ministry of Finance and the Comissão de Valores Mobiliários (CVM) have announced that the International Sustainability Standards Board’s (ISSB) IFRS Sustainability Disclosure Standards will be incorporated into the Brazilian regulatory framework, setting out a roadmap to move from voluntary use starting in 2024 to mandatory use on 1 January 2026.

IFRS Foundation announces appointments of Trustees

The IFRS Foundation has newly appointed and reappointed 10 Trustees to the organisation. They bring a diverse range of skills and expertise from Asia, Europe and North America. The appointments broaden the Trustees’ insights into accounting and sustainability to reflect its newly set dual board structure.

Blackline documents detailing revisions to SASB Standards

These revisions are informed by feedback received in response to the Exposure Draft Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates. The documents will be available online until 10 November for information purposes only, to allow stakeholders to familiarise themselves with the revisions. The revisions will not be final until ratified and issued by the ISSB, anticipated in December 2023.

IASB proposes updates to the IFRS Accounting Taxonomy 2023

The International Accounting Standards Board (IASB) has published a proposed update to the IFRS Accounting Taxonomy 2023 to reflect recent amendments to the following IFRS Accounting Standards. The deadline for comments is 4 December 2023.

IASB member Nick Anderson discusses cash flow economics

In a new article, IASB Member and former investor Nick Anderson discusses the increasing prevalence of transactions that are not reflected in cash flow statements—and where investors can find the information needed about non-cash debt changes to aid their analysis.

Investors need information about both cash flows and non-cash changes in debt to compare and evaluate companies.

Translations available on IASB educational material

Translations of the IASB's educational material about the effects of climate-related matters on financial statements are now available. The recently updated article is now available in French, Japanese and Simplified Chinese.

IASB Update and podcast now available

The IASB Update of the meeting held 25-26 October is available here; and the podcast is also now available.

ISSB Update and podcast now available

The summary of the meeting held 24-25 October and the podcast are now available.

Q3 IFRS Interpretations Committee podcast

Bruce Mackenzie, Chair of the IFRS Interpretations Committee and IASB Member, talks about the decisions made at the meeting held on 12 September.

National Standard-setters newsletter now available

The latest edition includes a debrief from the 2023 World Standard-setters Conference that was held in London on 25-26 September and key highlights from the IASB and ISSB’s work.

Other meeting updates, papers and summaries