Beyond the GAAP no.193 - November 2024
As 2024 year-end closing approaches, Beyond the GAAP presents our traditional overview of the texts published by the IASB, taking account of their endorsement process at European level. We have identified those texts that are mandatory, as well as those that are optional at this year-end.
This issue also includes the main news items for the month, including the IASB’s publication of an exposure draft that proposes amendments to various aspects of IAS 37 on the recognition and measurement of provisions (which would lead to the withdrawal of IFRIC 21 – Levies), as well as various publications from the IFRS Foundation and European Commission on sustainability topics.
IFRS highlights:
- IASB publishes proposed targeted improvements to IAS 37
- Report on progress towards climate related disclosures
- Guidance on identifying material information regarding sustainability risk and opportunities
- EC adopts amendments to IAS 21 – Lack of Exchangeability
- EC publishes final version of FAQs on disclosures to be provided by financial undertakings under the Taxonomy Regulation
