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Directive (EU) 2022/2464 on Corporate Sustainability Reporting (CSRD) came into force on 5 January 2023 and was to be transposed into the national law of the EU member states by the beginning of July 2024. As the CSRD is unlikely to be implemented in Germany this year, it is assumed that the legal framework in place as at 31 December 2024 will continue to apply to reporting for the financial year ending 31 December 2024. The purpose of the briefing paper is to provide information on the current position of the GASB's Joint Technical Committee on the key question of whether a non-financial statement (NFS) that is prepared in full compliance with Set 1 of the ESRS also fulfils the content and formal reporting requirements for the NFS or whether individual additional disclosures may be required.

The GASB will present the contents of the briefing paper in a public, virtual information event on 8 January 2025 and participants will have the opportunity to exchange views and discuss questions. Registration is possible from now until 7 January 2025 under this link.

KPMG Express Accounting News

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