Beyond the GAAP no.204 - November 2025
On the European Taxonomy front, the rejection of a motion to object to the new Delegated Regulation on 3 December in the European Parliament makes it plausible that there will be no objection to this text by the scrutiny deadline (4 January 2026). However, its entry into force following publication in the Official Journal of the EU is expected to occur after its planned date of application (1 January 2026). In this context, the EC could make a public statement before then to confirm the possible application of this new Regulation by companies in their reporting published from 1 January 2026 onwards.
IFRS highlights:
- Amendments to IAS 21 on the translation to a hyperinflationary presentation currency
- IASB creates the Financial Instruments Consultative Group
- Access to EFRAG’s sustainability reporting resources: launch of an interactive online platform
- Omnibus Package I: adoption of the European Parliament’s position and launch of trilogues
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.
