Beyond the GAAP no.212 - July-August 2026
The autumn of 2026 begins with a packed IFRS agenda, featuring a number of major IASB initiatives: the withdrawal of the agenda decision on reverse factoring; a draft amendment to IFRS 18 on the presentation of certain tax expenses; the completion of the post-implementation review of IFRS 16; and preparations for the post-implementation review of IFRS 9 on hedge accounting. Aside from their technical nature, these developments confirm the focus on the readability of financial statements, the consistency of classifications and the costs of implementing the standards.
In terms of sustainability, work is also continuing apace at the European level. This issue looks in particular at the initial findings of the 2026 EFRAG report on sustainability statements, the consultation on the ESRS-40a standards applicable to certain non-European entities, and the release of new interactive resources for use with the revised ESRS.
IFRS highlights:
- IFRS 18: IASB withdraws the agenda decision on Supply Chain Financing Arrangements – Reverse Factoring.
- IFRS 18: presentation of tax charges imposed.
- Post-implementation Review of IFRS 16 and IFRS 9.
- Update to the IPTF watch list on hyperinflationary economies.
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.
