Beyond the GAAP no. 197 - 2025
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Beyond the GAAP no. 197 - 2025
On 3 April 2025, the European Parliament approved the European Commission’s proposed ’Stop the clock’ directive, which is being fast-tracked through the legislative process and will postpone mandatory sustainability reporting for wave 2 and wave 3 companies by two years. As it has already been endorsed by the EU Council, the directive is now expected to be published in the OJEU by late April or early May this year. Readers will remember that EU Member States will then have until 31 December 2025 to transpose the directive into national law.
In this issue, we continue our deep dive into the simplification proposals adopted by the European Commission on 26 February this year. This month we are looking at the potential changes to the Corporate Sustainability Due Diligence Directive.
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Inge van Sloun Director
Audit & accounting advisory
The International Financial Reporting Standards (IFRS) are constantly under development. Complying with the standards, following the latest developments and analysing their possible impact can be an enormous challenge. Are you looking for expertise to help you with this? If so, you have found the right people at Forvis Mazars.