Beyond the GAAP - 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 ESRS by 30 June 2023.

On 21 December 2022, the International Accounting Standards Board (IASB) officially closed Phase 1 of the Post-implementation Review of the classification and measurement requirements in IFRS 9 – Financial Instruments. While the IASB has concluded that IFRS 9 in general meets the objectives of improving the financial information provided on financial instruments, the IASB has nevertheless announced some draft amendments, to be issued in the first quarter of 2023.

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Beyond the GAAP - December 2022
Beyond the GAAP - December 2022