Beyond the GAAP no. 201 – July-August 2025
InsightsGlobal & APAC updatesGlobal insights & reportsBeyond the GAAP newsletter
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.
In terms of Taxonomy, the European Commission's work culminated in the publication on 4 July of a new Delegated Regulation that will apply as from the 2025 reporting published in 2026 and which is awaiting publication in the Official Journal of the EU.
On the ESRS side, EFRAG's work to revise these standards led to the 31 July publication of exposure drafts issued for comment as part of a public consultation open until 29 September. EFRAG's proposals are aimed at significantly reducing the number of data points and the complexity of the standards with a view to a corresponding reduction in the burden of compliance. Pending the actual implementation of the revised ESRS, on 11 July the Commission adopted a ‘quick fix’ Regulation amending Set 1 in order to offer some reliefs to Wave 1 entities from the 2025 reporting. Finally, turning to IFRS accounting standards, the IFRS Foundation published near-final illustrative examples on 24 July showing how to improve the presentation of climate-related uncertainties in the financial statements.
Beyond the GAAP is the English version of DOCTR'in and aims to cover topics of international scope by allowing you to disseminate information to your teams, anywhere in the world.
Documents
Contacts
Vinh Bui Partner, Head of Audit & Assurance
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,...
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...
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
The whole editorial team is extremely proud and delighted to announce that Forvis Mazars Partner Claire Dusser has been appointed by the IFRS Foundation as a new member of the IFRS Interpretations Committee (IFRS IC). She will serve a three-year term from 1 July 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.