The IASB today decided to explore targeted actions to improve the reporting of climate-related and other uncertainties in the financial statements.
The possible actions include development of educational materials, illustrative examples and targeted amendments to IFRS Accounting Standards to improve application of existing requirements.
Given the pace of change in this area, the IASB will also continue to monitor developments to determine whether to take further action.
In progressing this work, IASB technical staff will continue to work closely with ISSB technical staff to facilitate connections in the boards’ work.
As part of this project, which is named Climate-related and Other Uncertainties in the Financial Statements, the IASB has brought together in one place all its available materials supporting companies in their reporting of the effects of climate-related and other uncertainties in the financial statements. The materials can be found on the project page, and will include translations of educational material published earlier in the year as they become available.
Website subscribers who have registered to receive all alerts or alerts related to 'accounting standards development' will be emailed about new materials as they are added to the project. You can register for a free ifrs.org account.
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IFRS Accounting Standards development
IFRS Sustainability Standards development
IFRS Foundation strategy and governance
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