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This joint IASB–ISSB Update highlights preliminary decisions of the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB). Projects affected by these decisions can be found on the work plan. The IASB and ISSB's final decisions on IFRS® Accounting Standards, Amendments, IFRIC® Interpretations and IFRS® Sustainability Disclosure Standards are formally balloted as set out in the IFRS Foundation's Due Process Handbook.

The IASB and ISSB met jointly on 19 February 2025.

Contents

Maintenance and consistent application

Maintenance and consistent application

Climate-related and Other Uncertainties in the Financial Statements (Agenda Paper 14)

The IASB and ISSB (boards) met on 19 February 2025 to discuss a summary of the feedback on the IASB’s Exposure Draft Climate-related and Other Uncertainties in the Financial Statements.

The Exposure Draft proposed eight 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 boards were not asked to make any decisions.

Next steps

The IASB will further analyse the feedback when it discusses the project’s direction. The ISSB will consider any implications of the feedback for its work. The boards will also consider any implications of the feedback for their connectivity-related activities.