In June 2025, the International Accounting Standards Board (IASB) tentatively decided to proceed with its proposals in the Exposure Draft Climate-related and Other Uncertainties in the Financial Statements with limited changes to respond to feedback from stakeholders. The Exposure Draft proposed 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 IASB expects to issue the illustrative examples in October 2025.
The IASB met on 16 June 2025 to discuss the proposals set out in the Exposure Draft Climate-related and Other Uncertainties in the Financial Statements. The IASB discussed:
The IASB discussed its proposals to issue illustrative examples to help improve the reporting of the effects of climate-related and other uncertainties in the financial statements.
The IASB tentatively decided:
All 14 IASB members agreed with decisions (a) and (c)–(d). Eleven of 14 IASB members agreed with decision (b).
The IASB tentatively decided to explain that:
Twelve of 14 IASB members agreed with this decision.
The IASB tentatively decided to discuss additional work to facilitate connected financial reporting during its decision-making meeting on its Fourth Agenda Consultation.
All 14 IASB members agreed with this decision.
The IASB discussed due process steps and the request for permission to begin the balloting process for the illustrative examples. The IASB decided to issue the illustrative examples without re-exposure.
All 14 IASB members agreed with this decision.
Two IASB members indicated that they might dissent from issuing the illustrative examples.
All 14 IASB members confirmed they were satisfied the IASB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the illustrative examples.
Final Illustrative Examples
International Accounting Standards Board June 2025