Oluwabusola Saka’s Post

As you prepare for year-end reporting, hone your financial reporting skills by registering for this #IFRS and ISSB update training. #IFRSAcademy #PwC

The IFRS Foundation's webcast series on connectivity between financial statements and sustainability-related financial disclosures discusses how IFRS Accounting Standards and IFRS Sustainability Disclosure Standards complement each other. Through practical examples, they illustrate how applying the Standards together results in complementary and connected reported information. https://bit.ly/3DwphhA Webcast 1: IFRS Standards—Complementary and connected information Webcast 2: Example—Climate-related risks and impairment of non-financial assets Webcast 3: Example—Climate-related opportunities and changes in product mix  Webcast 4: Example—Climate-related commitments Link to all webcasts are provided in 1st comment #IFRS #Sustainability #ESG #sustainabilityreporting

Watch a new webcast series on connectivity between the financial statements and sustainability-related financial disclosures.    The final two episodes of our new webcast series are now available.     Join International Accounting Standards Board (IASB) technical staff Gustavo Olinda and International Sustainability Standards Board (ISSB) technical staff Gabriel Benedict, CPA as they discuss how IFRS Accounting Standards and IFRS Sustainability Disclosure Standards complement each other.     They also walk through examples to illustrate how applying the Standards together results in complementary and connected reported information.       Watch the full webcast series here: https://lnkd.in/esnm62Cu   We have also launched a new dedicated connectivity webpage hosting all related resources and updates: https://lnkd.in/e-tSf4JD   #IFRSAccounting #IFRSSustainability #IASB #ISSB 

A nice reminder today from the IFRS Foundation discussing the connectivity between financial statements #iasb and sustainability-related disclosures #issb. This is a great time of year to review your ‘material’ factors and their consistency with your policies, governance, strategy, investment and risk management, and reporting. https://lnkd.in/gWF_vK4m #esg #sustainableinvestments #responsibleinvesting #sustainability #commercialrealestate #multifamily

ESMA published its yearly common enforcement priorities on which the local regulators will focus upon their review of 2024 annual reports of listed entities. The priorities related to financial reporting include: 1) Liquidity considerations 2) Accounting policies, judgements and significant estimates The priorities related to sustainability reporting include: 1) Materiality considerations in reporting under ESRS Scope and structure of the sustainability statement  2) Disclosures relating to Article 8 of the Taxonomy Regulation The priorities related to ESEF reporting include: 1) Common errors found in the statement of financial position The statement also provides some general remarks on topics, including on connectivity between financial and sustainability statements. Access the full text via our IFRS website, that always brings you the latest news on IFRS: https://lnkd.in/eUTSStsB #Deloitte #ESMA #IFRS

One of our panels at the CFO event will be addressing the enforcement priorities by ESMA as highlighted below. No surprise that for another year ESG and ESEF disclosures represented the bulk of the focus areas. Locally a lot of time and investment goes into IFRS reporting. Are ESEF and ESG receiving the focus required by issuers?? Is the quality of such disclosures to the same level of IFRS?? Join us at the CFO event to delve deeper into these #CFOEvent #19thNovember #Deloitte

🌟 Exciting News! IFRS 18 is Here to Revolutionize Financial Reporting! 🚀 🔥 I recently noticed a flurry of posts on LinkedIn about the release of IFRS 18 Presentation and Disclosure in Financial Statements. The buzz and engagement within the community are incredible! 🙌 📊 This game-changing accounting standard by the IASB aims to empower investors with transparent and comparable financial information, leading to better investment decisions. It's a win-win for everyone! 💼💰 🔎 With a structured income statement, improved comparability, and transparent disclosure of management-defined performance measures, IFRS 18 will unlock a new era of insightful analysis and confident investments. 💡💪 📅 Effective from January 1, 2027, companies even have the option to adopt it earlier. I can't wait to witness the positive impact of IFRS 18 on financial reporting practices and the exciting transformations it brings to assessing companies' financial performance. Let's embrace this change together! 🌟✨ #IFRS18 #FinancialPerformance #InvestmentDecisions #GameChanger

🌱 Introducing the latest updates on IFRS S1 and IFRS S2! 🌍 The IFRS S1 standards focus on the disclosure of sustainability-related financial information, while IFRS S2 specifically addresses climate-related disclosures. These standards, issued by the ISSB in June 2023, mark a significant milestone as the first IFRS sustainability disclosure standards. IFRS S1 outlines the general requirements for comprehensive sustainability-related financial disclosures, working hand in hand with IFRS S2, which delves into climate-related disclosures. The updated June 2024 edition utilizes practical examples to demonstrate how organizations can effectively disclose information in line with ISSB standards. Stay informed and learn how these standards can shape the future of financial reporting and sustainability practices. Embrace transparency and accountability with the latest guidance from the International Sustainability Standards Board (ISSB) #IFRS #SustainabilityReporting #ClimateDisclosures #ISSB #FinancialReporting #Transparency #Accountability 🌿📊

The IFRS Foundation has recently released its IFRS Integrated Reporting guidance. This guidance document, "Transition to Integrated Reporting: A Guide to Getting Started," offers a phased approach to implementing integrated reporting and understanding how IFRS Sustainability Disclosure Standards can enhance your reporting journey. The integrated framework is used by companies in over 75 countries, driving high-quality corporate reporting and connectivity between financial statements and sustainability disclosures. Read the Transition to Integrated Reporting guidance, here: https://lnkd.in/dsxkvUZS Learn more about the IFRS S1 and S2 here: https://lnkd.in/eh6azavV #ifrs #reportingstandards #sustainabilityreporting #nossadata

In Case You Missed It #ICYMI is a monthly series designed to highlight major IFRS Sustainability-related news items in a shareable, bite-sized video report. 📺 Learn more about the topics in the video: 🔹 New webpage and resources about connectivity between financial statements and sustainability-related financial disclosures: https://bit.ly/4az0bv5 🔹 IOSCO’s GEM Committee launches dedicated Network to support its members in the adoption or other use of ISSB Standards: https://bit.ly/4h53o85 🔹 IFRS Sustainability updates its public database of jurisdictional sustainability consultations: https://bit.ly/4h53BYV Get more insights! Those with free https://bit.ly/4gv4Qkk accounts (https://bit.ly/4gCskmK) can receive a longer, text-based version of this update up to a week earlier by selecting 'Applying Sustainability standards' in the IFRS Follows and notifications dashboard: https://bit.ly/4gIneW4 Engage and lead in sustainability disclosure with IFRS Sustainability resources: ✅ Join the IFRS Sustainability Alliance: https://bit.ly/3VKbHO2 ✅ Earn the FSA Credential: https://bit.ly/3Zc0O8N ✅ Embed IFRS S1, IFRS S2 and SASB Standards into products and services with IFRS Sustainability licensing: https://bit.ly/4gxQwqu