IASB proposes illustrative examples to improve reporting of climate-related and other uncertainties in financial statements
This 2024 article from the International Accounting Standards Board (IASB), written 31 July 2024, proposes examples of improved reporting of climate-related and other uncertainties in financial statements.
This article covers:
- How IASB's eight proposed examples tackle investor concerns about insufficient or inconsistent information regarding climate-related uncertainties in financial statements.
- Guidance provided by the new illustrative examples on how the requirements in the Standards should be applied to provide investors with better information about climate-related risks and other uncertainties.
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