Beyond the GAAP no.202 - September 2025
This month, the IASB has discussed a number of projects: targeted amendments to IAS 37, the equity method, FICE (Financial Instruments with Characteristics of Equity), the statement of cash flows, and amortised cost measurement. It should also be noted that the new standard on the presentation of financial statements (IFRS 18), though not yet mandatory, is already under discussion: the IFRS Interpretations Committee (IFRS IC) has been asked to rule on the classification of exchange differences on intra-group loans and borrowings.
Meanwhile, efforts to revise Set 1 of the European Sustainability Reporting Standards (ESRS) are continuing. This month, the Sustainability Reporting Board (SRB) presented its roadmap for submitting technical advice to the European Commission at the end of November, and an interim report was published detailing the lessons learned from the outreach events conducted by EFRAG throughout September.
IFRS highlights:
- Targeted improvement to IAS 37 | – Provisions, Contingent Liabilities and Contingent Assets
- Equity method
- FICE project
- Amortised Cost Measurement
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.
