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.

In this issue, you are also presented with ESMA's priorities for the second sustainability reporting exercise under Set 1 of the ESRS. In a particular context, marked by the ongoing legislative negotiations at European level on the Omnibus I package and the process initiated to simplify Set 1, ESMA has exceptionally taken up and refined, to a large extent, two of its priorities published last year: the materiality analysis and the scope and structure of the sustainability state.

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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.