Beyond the GAAP n°164 - März 2022

Während der Krieg in der Ukraine nun schon seit über einem Monat andauert, sollten die Unternehmen die Auswirkungen der Krise auf ihre Jahresabschlüsse bewerten - auch wenn natürlich nicht alle Unternehmen in gleichem Masse davon betroffen sein werden.

While market regulators and national authorities have already published statements drawing entities’ attention to their duty of transparency in disclosures, there are certain issues where clarification is needed. We provide some answers in this issue.

March also saw the appointment of EFRAG’s new Sustainability Reporting Board, which held its first meeting on 31 March. The SR Board will have the formidable task of launching the public consultation on the proposed European Sustainability Reporting Standards (of which there are around 20) in the near future. While the ISSB is not yet up to full strength, it nonetheless managed to get a step ahead by publishing for comment its first two exposure drafts of IFRS Sustainability Disclosure Standards (IFRS S1, General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2, Climate-related Disclosures). The comment period is open until 29 July 2022.