IFRS® Taxonomy, Sustainability Disclosure Taxonomy

IFRS® Taxonomy, Sustainability Disclosure Taxonomy

The International Sustainability Standards Board (ISSB) has proposed a Sustainability Disclosure Taxonomy. The proposal addresses a taxonomy for the disclosure requirements in IFRS S1 and IFRS S2 to facilitate digital reporting of sustainability-related financial information. Comments are due September 26, 2023.

FAF Annual Report

FAF Annual Report

Each year like many nonprofits, the FAF issues their annual report and posts it to their website. The FAF provides an excellent overview of the work of both the FASB and GASB boards. 2022 marked the 50th anniversary of the FAF, so this year’s report also includes a great history lesson. If you are interested in learning more about the boards and their mission, this is a great place to start!

FASB ED: Disaggregating Expenses

FASB ED: Disaggregating Expenses

At the end of July, the FASB proposed new disclosure requirements that would require public business entities to provide more disaggregated data around their income statement expenses. Unlike the recent income tax disclosure proposal, this proposal only impacts public business entities. It is in response to a request from investors to provide more granular information to assist users in understanding the company’s cash flows. Comments are due October 30.

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