Beyond the GAAP No. 172 - December 2022
As 2022 gives way to 2023, the whole editorial team at Beyond the GAAP would like to wish you all the best for the coming year! While there will probably still be much to discuss on the accounting front, there is sure to be even more activity in terms of sustainability reporting, both at European and international level. In particular, the European Commission is expected to endorse the delegated acts on sector-agnostic European Sustainability Reporting Standards (ESRS) by 30 June 2023.
On 21 December, the IASB officially closed Phase 1 of the Post-implementation Review of IFRS 9 - Classification and Measurement. While the IASB has concluded that IFRS 9 in general meets the objectives of improving the financial information provided on financial instruments, the Board has nevertheless announced some draft amendments, to be issued in the first quarter of 2023.
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