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IASB proposes examples of climate-related and other uncertainties
The IASB has proposed examples to improve financial information on climate-related and other uncertainties in the financial statements.
The exposure draft, Climate-related and Other Uncertainties in the Financial Statements, includes eight proposed examples, which would amend the Illustrative Examples to six IFRS accounting Standards. The IASB does not intend to change existing requirements with this exposure draft; rather it aims to improve application of the existing requirements in IFRS accounting standards related to reporting the effects of climate-related risks and other uncertainties in the financial statements. While they illustrate climate-related risks, the examples are expected to provide entities with relevant guidance for other types of uncertainties.
The comment period is open until 28 November 2024.