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IFRS Accounting Standards

Posted: 01 Dec 2021, 11:30
by Marek Muc
Following the launch of ISSB we now have:

1. IFRS Accounting Standards and
2. IFRS Sustainability Disclosure Standards

So - be precise with your references! ;)
ISSB.JPG
https://www.ifrs.org/content/dam/ifrs/a ... n-2021.pdf

Re: IFRS Accounting Standards

Posted: 01 Dec 2021, 11:47
by Marek Muc
PS. perhaps I should change the domain name of our community to ifrsaccountingstandardscommunity.com - what do you think? ;)

Re: IFRS Accounting Standards

Posted: 01 Dec 2021, 13:56
by JRSB
Either that or you'll need to write a new Knowledge Base for whatever the sustainability rules become...

Re: IFRS Accounting Standards

Posted: 01 Dec 2021, 14:14
by Marek Muc
:o

Re: IFRS Accounting Standards

Posted: 01 Dec 2021, 14:30
by JRSB
I haven't read the relevant papers but I assume any sustainability standards will be optional other than for huge businesses for quite some time, given the time it takes to develop and implement these things.

Re: IFRS Accounting Standards

Posted: 01 Dec 2021, 16:51
by Marek Muc
and in larger corporations I expect that they will be dealt with by non-accounting experts - at least this has been my experience so far