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In July 2024, the International Accounting Standards Board (IASB) published the Exposure Draft Climate-related and Other Uncertainties in the Financial Statements. The Exposure Draft proposes 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 comment period on the Exposure Draft closed on 28 November 2024. The IASB will continue to discuss feedback and decide the project’s direction at future meetings.

IASB® Update April 2025

The IASB met on 9 April 2025 to discuss:

  1. a plan for completing the project; and
  2. possible responses to stakeholders’ main concerns about Examples 1 and 2 proposed in the Exposure Draft Climate-related and Other Uncertainties in the Financial Statements.

The IASB was not asked to make any decisions.

Next milestone

Decide Project Direction