Welcome to the latest edition of our financial and corporate reporting publication that aims to keep you in the loop with all the latest accounting and financial reporting developments, and the potential impact they may have on your business.

In our latest issue, we continue to focus on the quickly evolving sustainability landscape, specifically climate-related financial disclosures that are in the process of being legislated here in Australia. We look at the AASB’s first draft sustainability standards and consider how these differ to the international equivalents issued by the ISSB. Moving abroad, we introduce a new IFRS standard to be implemented in the near future that will change the income statement as we know it, and also give an update on the status of IFRS 6 following an extensive review of this long-established standard.

In this issue:

Sustainability Reporting 

  • Climate reporting standards taking shape

Global Developments   

  • A makeover for financial statement presentation
  • Extractive activities: IFRS 6 to remain as is