We are back from our summer break to bring you up to date on accounting and sustainability reporting topics.

The EU Commission has published the Delegated Regulation for the adoption of the European Sustainability Reporting Standards (ESRS) into applicable law on 31 July 2023. In addition, the International Organization of Securities Commissions (IOSCO) announced on 25 July 2023 that it endorses the first two IFRS Sustainability Disclosure Standards S1 and IFRS S2.

The European Single Electronic Format - ESEF for short - is entering its fourth year of application. We have prepared an article for you that provides an overview of the current application of the ESEF and highlights the challenges and further development of electronic annual financial reporting.

In addition, the International Accounting Standards Board (IASB) has published amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates.

Finally, we inform about the announcement of DRÄS 13 in the Federal Gazette as well as the publication of ERS IFA 1 n. F. Abgrenzung von Erhaltungsaufwand und Herstellungskosten bei Gebäuden in der Handelsbilanz by the Institute of Public Auditors in Germany (IDW).

Here you can find an overview of all topics of the past Accounting News (Download PDF, 0.5 MB).