IASB publishes Exposure Draft Climate-related and Other Uncertainties in the Financial Statements
IASB publishes Exposure Draft Climate-related and Other Uncertainties in the Financial Statements
The IASB has issued Exposure Draft Climate-related and Other Uncertainties in the Financial Statements.
The Exposure Draft is in response to stakeholder concerns that information about climate-related uncertainties in financial statements was sometimes insufficient or appeared to be inconsistent with information provided outside the financial statements.
The Exposure Draft proposes eight examples to illustrate how companies apply IFRS Accounting Standards when reporting the effects of climate-related and other uncertainties in their financial statements. The examples focus on areas such as materiality judgements, disclosures about assumptions and estimation uncertainties, and disaggregation of information.
The Exposure Draft is open for comments for until 28 November 2024 and may be accessed here.
The Exposure Draft is in response to stakeholder concerns that information about climate-related uncertainties in financial statements was sometimes insufficient or appeared to be inconsistent with information provided outside the financial statements.
The Exposure Draft proposes eight examples to illustrate how companies apply IFRS Accounting Standards when reporting the effects of climate-related and other uncertainties in their financial statements. The examples focus on areas such as materiality judgements, disclosures about assumptions and estimation uncertainties, and disaggregation of information.
The Exposure Draft is open for comments for until 28 November 2024 and may be accessed here.