On 9 June 2023, the EU Commission published the long-awaited draft of the Delegated Regulation for the adoption of the ESRS into applicable law. Compared to EFRAG's draft standards from November 2022, there have been some significant changes, which we present to you in our first article.
On 11 May 2023, the International Sustainability Standards Board (ISSB) published a draft (ED/ISSB/2023/1) of a methodology to improve the international applicability of the Sustainability Accounting Standards Board (SASB) standards. We inform you about this here.
Furthermore, we present the new two-step concept for the presentation of accounting policies according to IAS 1.
In addition, the IASB has published the IAS 12 Amendment International Tax Reform - Pillar Two Model Rules and Supplier Finance Arrangements with amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments Disclosures.
Dr. Hanne Böckem
Partner, Audit, DPP
KPMG AG Wirtschaftsprüfungsgesellschaft
