IFRS takes over monitoring climate-related disclosures from TCFD December 8th, 2023 The International Financial Reporting Standards Foundation (IFRS) will oversee companies’ climate-related disclosures following the disbanding of the Task Force for Climate-related Financial Disclosures (TCFD). The Financial Stability Board (FSB) has announced that the work of the TCFD has been completed, with the International Sustainability […]
Read MoreThe International Accounting Standards Board (IASB) has begun evaluating how companies can improve their climate-related risk reporting.
Read MoreFollowing the ISSB’s decision, all entities will be required to file reports under the two standards from early 2025.
Read MoreThe IFRS Foundation and the Global Reporting Initiative (GRI) have signed an agreement to align their sustainability disclosure and reporting standards.
Read MoreIFRS Foundation launches sustainability working group New collaboration aims to harmonise sustainability accounting initiatives In a bid to fast forward convergence in global sustainability reporting standards, the trustees of the IFRS Foundation have set up a working group. The group is aimed at structured engagement with initiatives focused on enterprise value reporting, with a view […]
Read MoreSustainability standards consolidation draws closer IFRS Foundation seeks to launch sustainability standards board In response to growing demand for global standards as sustainability becomes ‘business as normal’ in financial reporting, the International Financial Reporting Standards (IFRS) Foundation is taking action in the run-up to the COP26 Summit. In September, the IFRS Foundation’s trustees intend to […]
Read MoreMore than 450 asset managers and pension funds responded to a consultation on standardised reporting Some of the world’s biggest pension funds and institutional investors are backing the International Financial Reporting Standards Foundation’s (IFRS) proposal for standardised sustainability reporting. Last September, the IFRS, which oversees the International Accounting Standards Board (IASB), published a consultation paper […]
Read MoreAdvocates for audit and accounting reform made great strides this week. Although much of the attention will be directed at the OFT’s conclusion that the audit market isn’t working, a slightly less well covered but equally welcome development emerged from the back benches of the House of Commons. New Conservative member for Wycombe, Steve Baker MP has […]
Read MoreThe BBC’s Robert Peston has picked up on founding FSA chairman, Howard Davies’ critique on the causes of the Crash. According to Davies there were a total of 38 reasons. Peston goes on to argue that there were probably 39 if you take into account the proposition forwarded by Tim Bush, former fund manager for […]
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