Search Result for 'IFRS '

...June 2023 the International Sustainability Standards Board (ISSB) issued its first two IFRS Sustainability Disclosure Standards, IFRS S1 General Requirements for Disclosure ...

...ensure consistency. Hence, it is crucial to adopt established standards and frameworks such as the International Financial Reporting Standards (IFRS) ...

...with the IFRS Sustainability Disclosure Standards (or the ‘ISSB Standards’). This guide also applies ‘building-blocks’ approach which makes it equally ...

...underpinned by consistent disclosures and monitoring that is aligned with existing climate-related disclosure standards such as International Financial Reporting Standards ...

...role in 2023 was the changing regulatory guidelines that were impacting financials. “Unlike IFRS standards that are well-structured and finance ...

...and business growth strategy are well-positioned to address the new climate-related disclosure requirements such as the International Financial Reporting Standards ...

...for every product, service, and business process. Hasenoehrl adds that organisations must take the new International Financial Reporting Standards (IFRS) ...

...IFRS S2 Climate-related Disclosures. Among the key findings are: In relation to governance, companies are adopting the increased ISSB disclosure ...

The Financial Reporting Council (FRC) calls for IFRS 17 disclosures improvements in its recently published IFRS 17 'Insurance Contracts' thematic ...

...capacity has been unaffected by IFRS 17. Hefty cost of IFRS 17 The total cost faced by the global insurance ...

...Standards (IFRS) and Kunming-Montreal Biodiversity Framework requirements. The issuance of 14 recommended science-based disclosures along with additional implementation guidance came ...

...visibility into FX and interest rate exposures, ensuring compliance with regulations such as EMIR and IFRS 9. 3. Preparing for ...

IFRS 17 will change insurers' reported earnings and equity as it alters their profit recognition patterns and measurement of liabilities, ...

...(SASB’s parent organisation, The Value Reporting Foundation, will consolidate into the IFRS Foundation on Aug. 1, 2022, to support the ...

...“For example, our current reading of the proposed IFRS S1 and IFRS S2, is that entities would be required to ...

...to WTW’s latest survey, entitled ‘IFRS 17: Will we make it?’, insurers report material progress has been made since WTW’s ...

...multilingual reporting that supports International Financial Reporting Standards (IFRS), Financial Accounting Standards Board (FASB), Basel II and Sarbanes-Oxley requirements and ...

...finance leader need to be agile. “You need to adapt to changes in the business environment, regulation, statutory/ESG reporting requirements, ...

...IFRS costs vary significantly by insurer size, according to a Willis Towers Watson study which polled 312 insurers from 50 ...

...such as International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP).  International alignment is stronger in both ...

...firms to postpone the start of a tax audit. Local GAAP is much more common than international standards such as ...

...financial risk management platform to fulfil a range of tasks, including assumption management, economic scenario generation (ESG), asset-liability management (ALM), ...

The CFO Forum and Insurance Europe—representing 23 of the continent’s largest insurers and 95% of premium income—call for a delay ...

...the application of IFRS 16 to businesses across various jurisdictions.  Expertise on local tax regimes is helpful since, in some ...

While the implementation among Asia Pacific banking systems of the IFRS 9 accounting standard is making good progress, not all ...

...scores well for its adherence to IFRS, compared with much of the rest of the region which continues to use ...

IFRS 17 will transform insurance accounting but won't change insurers' underlying economic position, said Helena Kingsley-Tomkins, the AVP-Analyst at Moody's ...