(s) has considered trade-offs associated with those risks and opportunities; and (v) how the body(s) or individual(s) oversees the setting of targets related to climate-related risks and opportunities, and monitors progress towards those targets (see paragraphs 33–36), including whether and ...
It could affect the classification of liabilities, particularly for entities that previously considered management's intentions to determine classification and for some liabilities that can be converted into equity. All entities should reconsider their existing classification in the light of the amendment ...
GAAP is considered to be more “rules based”, meaning there are hard and fast boundaries that dictate whether or not a practice is acceptable, whereas IFRS is more “principles based”, meaning it lacks explicit sets of guidelines, but rather has overarching principles and standards that say ...
To optimise all decisions related to IFRS transition and ensure that any wider business opportunities are considered To know the impact on reported performance measures and whether your profit is likely to be more volatile To understand the changes affecting financial instruments, pensions and tax, as...
If this is the case, more than one scenario will generally need to be considered to capture this non-linearity. Credit cards are giving rise to some of the trickiest application issues, in particular determining the origination date of a credit card and the remaining 'life' for IFRS 9 ...
Paragraph 117 of the amendment provides the following definition of material accounting policy information: "Accounting policy information is material if, when considered together with other information included in an entity's financial statements, it can reasonably be expected to influence decisions that ...
In spite of the general requirements for the modified time value of money, a regulated interest rate is considered to be a proxy for the time value of money if it: ●● provides consideration that is broadly consistent with the passage of time; and ●● does not introduce exposure to ...
In contrast, ESRS 1 states that a sustainability matter is material if it meets the criteria for either financial materiality or impact materiality. This two-pronged approach is referred to as double materiality. Financial materiality ESRS 1 states the following: ‘Information is cons...
For many years, IOSCO has considered that the development of internationally acceptable, high-quality audit standards is important for global capital markets. However, the endorsement of ISAs by IOSCO has proved to be a longstanding and quite problematic issue. IOSCO's Presidents' Committee initially...
(that is, the clause does not create additional rights or obligations that would not have existed in the absence of such a clause). Applying that conclusion to insurance coverage, the insurance coverage clause should not be considered to be part of ‘contractual terms of such a financial ...