Beyond the GAAP no.194 - December 2024
The year 2024 concluded with the publication of targeted amendments to IFRS 9 and IFRS 7, aimed at contracts referencing nature-dependent electricity, often structured as PPAs (Power Purchase Agreements) or VPPAs (Virtual Power Purchase Agreements). These eagerly awaited amendments are detailed in this issue.
IFRS highlights:
- Draft update of the Due Process Handbook
- EFRAG publishes new explanations on the application of ESRS
- EFRAG releases the voluntary sustainability reporting standard for SMEs
- ESMA launches public consultation on amendments to the ESEF regulation
The disclosures presented are not exhaustive as the IASB publications and its advisory bodies but intend to emphasize the main highlights.
