Beyond the GAAP newsletter
Each month, the newsletter Beyond the GAAP aims at keeping readers informed of financial and sustainability reporting developments.
Latest issues.
Beyond the GAAP no. 207 – February 2026
On 26 February 2026, exactly one year after the European Commission adopted its “Omnibus I” package of measures to simplify sustainability reporting requirements, the “Content” directive has been published in the Official Journal of the European Union. This directive amends the CSRD on sustainability information to be provided by companies and the CSDDD on due diligence. The EU member states now have until 19 March 2027 to transpose these new rules into national law. This month, Forvis Mazars has published two guides aimed at helping EU and third-country organisations to understand the revised CSRD and its impacts (see European Highlights in this issue of Beyond the GAAP).
Beyond the GAAP no. 206 – January 2026
This month, 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. Regarding the Committee’s recommendation to withdraw the Agenda Decision “Supply Chain Financing Arrangements—Reverse Factoring”, the IASB decided to defer its decision, and will undertake targeted outreach to identify any specific accounting matters that might arise from withdrawal of the Agenda Decision.
Beyond the GAAP no. 205 – December 2025
This month, 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
This month, 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 the July 2023 act (“Set 1”), which remains applicable to wave 1 companies for the 2025 financial year.
Beyond the GAAP no. 203 – October 2025
As the 2025 closing date approaches, DOCTR'in presents its traditional study on the IASB texts applicable as of 31 December 2025 as well as a summary of the ESMA and AMF recommendations for this decree. Given the uncertainties arising from the current economic and geopolitical context, both regulators underline the importance of transparent communication regarding material judgments and estimates, in particular for impairment tests of non-financial assets, recoverability of deferred tax assets, revenue recognition, inventory valuation, restructuring operations and credit risk assessment.