Beyond the GAAP no.199 - May 2025
This closing is likely to be a tense time, not because of the new mandatory texts (the amendments to IAS 21 on lack of exchangeability are limited in scope), but because of the unstable global macroeconomic environment and the resulting uncertainties. The United States’ new tariff policy, which has involved a rapid succession of decisions and U-turns, combines with ongoing risks such as the war in Ukraine, geopolitical tensions, supply chain disruptions, inflation and high interest rates, to cause an unusually high level of uncertainty.
IFRS highlights:
- Post-implementation Review of IFRS 16 – RFI to be published imminently
- IASB sets objectives and direction for intangible assets project
- IASB redeliberates proposed amendments to IAS 21
- 12th compilation of IFRS IC agenda decisions published
- ISSB Guidance on Greenhouse Gas disclosures under IFRS S2
The disclosures presented are not exhaustive as the IASB publications and its advisory bodies but intend to emphasize the main highlights.
We hope that this Forvis Mazars Newsletter will be useful, according to the reality and needs of each one, and enables to alert readers to the topics mentioned.
