Beyond the GAAP no.200 - June 2025
In other news this month, the IASB has published a Request for Information (RFI) as part of its Post[1]implementation Review of IFRS 16 – Leases. This will assess whether the standard is generally functioning as expected and does not incur undue costs, and will identify any potential amendments to be made. The comment period is open until 15 October 2025.
In addition, EFRAG submitted a progress report to the European Commission on 20 June, providing an update on the work currently being carried out to revise the first set of the European Sustainability Reporting Standards (ESRS). The report identifies six key levers for simplification of the standards, which should reduce the number of data points by more than 50%.
IFRS highlights:
- Publication of the Request for Information (RFI) on IFRS 16
- FICE | Financial Instruments with Characteristics of Equity project – IASB tentative decisions on disclosures
- Publication by the IFRS Foundation of a guide on implementing the reporting requirements of IFRS S2 on climate transition
- Endorsement of amendments to IFRS 9 and IFRS 7 relating to “contracts referencing nature[1]dependent electricity”
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.
