Beyond the GAAP no. 206 – January 2026
In January, the IASB approved updates to six agenda decisions of the IFRS IC, a move made necessary by the application of IFRS 18 as of 1 January 2027, which will replace IAS 1.
"Beyond the GAAP" IFRS Newsletter
The IFRS "Beyond the GAAP" newsletter is published by Forvis Mazars. Each month, the newsletter Beyond the GAAP aims at keeping readers informed of financial and sustainability reporting developments.
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Beyond the GAAP no. 205 – December 2025
In December, regulatory developments in the field of sustainability were marked by the final adoption, by the European co-legislators, of a compromise text on the “Content” Directive. This is part of the Omnibus I package, aimed at simplifying CSRD requirements on sustainability reporting and the CSDDD on due diligence.
Beyond the GAAP no. 204 – November 2025
In November, sustainability reporting has been the focus of much of the news. On 3 December, after several months of intense work involving all stakeholders, EFRAG submitted its technical advice on the revised draft European Sustainability Reporting Standards (ESRS) to the European Commission (EC). The EC must now take this into account in order to produce a new delegated act on ESRS (Set 2), replacing...
Beyond the GAAP no. 203 – October 2025
As we approach year-end 2025, Beyond the GAAP presents our traditional summary of the IASB texts in force at 31 December 2025, as well as an overview of ESMA’s priorities for this year’s closing of accounts. Given the uncertainties arising from the current economic and geopolitical environment, the regulator emphasises the need for transparent communication on significant judgements and estimates,...
Beyond the GAAP no. 202 – September 2025
In September, the IASB 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...
Beyond the GAAP no. 201 – July-August 2025
This summer has seen significant progress on the work to simplify European sustainability reporting standards through the Omnibus I package proposals.
Beyond the GAAP no. 200 – June 2025
In June, the IASB has published a Request for Information (RFI) as part of its Post-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.
Beyond the GAAP no. 199 – May 2025
As we approach the half-yearly closing of accounts for 2025, Beyond the GAAP presents our traditional overview of the standards and interpretations published by the IASB, indicating where they are in the EU endorsement process. We highlight those texts that are now mandatory and those for which early application is permitted at this closing date.
Beyond the GAAP no. 198 – April 2025
Following the publication in the EU Official Journal of the "Stop the Clock" Directive on 16 April, European entities in waves 2 and 3 are now certain that they will not have to publish sustainability information for the 2025 and 2026 financial reporting periods. The Directive must now be transposed before 31 December. Regarding the ongoing negotiations on the draft "Content" Directive, the positions...
Beyond the GAAP no. 197 – March 2025
On 3 April, the European Parliament approved the Commission’s proposed "Stop the Clock" Directive, which is being fast-tracked through the legislative process and will postpone mandatory sustainability reporting for wave 2 and 3 companies by two years. As it has already been endorsed by the EU Council, the Directive is now expected to be published in the OJEU by late April or early May. Readers will...
Beyond the GAAP no. 196 – February 2025
On 26 February, the European Commission presented its simplification proposals as part of the first "Omnibus" package, aiming to reduce the administrative burden on companies, particularly due to the CSRD and the EU Taxonomy Regulation. These proposals mark the beginning of a long legislative process that could significantly shift corporate sustainability reporting by introducing new thresholds, a...
Beyond the GAAP no. 195 – January 2025
As companies subject to the reporting requirements of the Corporate Sustainability Reporting Directive (CSRD) in 2025 prepare to publish their first sustainability statements in accordance with ESRS, the European Commission has published the Competitiveness Compass for the EU, its roadmap for the next five years. The Compass aims among other things to reduce the regulatory and administrative burden...
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Gregoire Dattee Managing Partner - Kyiv
