Tom Van Havermaet’s Post

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

This training would cover trending issues in #IFRS including sustainability disclosures! Save your spot! #PwC #IFRSAcademy

🌟 𝐌𝐚𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠: 𝐈𝐅𝐑𝐒 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐌𝐚𝐬𝐭𝐞𝐫𝐜𝐥𝐚𝐬𝐬 We recently concluded our highly anticipated 𝐈𝐅𝐑𝐒 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐌𝐚𝐬𝐭𝐞𝐫𝐜𝐥𝐚𝐬𝐬, designed to help financial leaders stay ahead of the evolving International Financial Reporting Standards (IFRS) landscape. This comprehensive course explored critical updates across a wide range of IFRS topics, including the latest ESG Reporting Standards, ensuring that participants are fully equipped to keep their organizations compliant with global financial regulations. 📊 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: ✅ In-depth insights into IFRS 9 (Financial Liabilities), IFRS 16 (Lease Liabilities), and IFRS 17 (Insurance) ✅ Exploration of IAS standards such as IAS 32 (Equity Instruments), IAS 21 (Foreign Exchange), and IAS 19 (Employee Benefits) ✅ Key differences between IFRS and US GAAP, highlighting global financial reporting nuances ✅ Practical sessions on complex areas like consolidated financial statements, non-cash dividends, and provisions ✅ Guidance on implementing ESG reporting standards and their impact on financial disclosures 🧑🏫 𝐋𝐞𝐝 𝐛𝐲 𝐏𝐫𝐨𝐟. 𝐇𝐞𝐧𝐭𝐢𝐞 𝐕𝐚𝐧 𝐖𝐲𝐤 , industry-leading experts, this masterclass provided participants with the practical tools and knowledge to handle the latest IFRS challenges. From technical deep dives to practical applications, participants gained valuable insights to strengthen their financial reporting practices and ensure compliance. 📅 𝐌𝐢𝐬𝐬𝐞𝐝 𝐭𝐡𝐢𝐬 𝐞𝐯𝐞𝐧𝐭? Don't worry! Future sessions are planned. Stay updated on upcoming masterclasses and workshops by visiting www.corsol.net or contacting us at [email protected] #IFRSUpdates #FinancialCompliance #ESGStandards #GlobalReporting #IFRSStandards #FinanceLeadership #Corsol #AccountingTraining #CorporateCompliance

ESG in Financial Services (Regulatory Standards): What is IFRS S1?   If you've ever worked with banks or insurers (particularly in accounting), there's no way around having heard about IFRS 9 or IFRS 17 and the International Accounting Standards Board (IASB). But did you also know that in 2021 the IFRS Foundation created the International Sustainability Standards Board (ISSB) which focuses on sustainability-related disclosure standards?   To date, the ISSB's major releases are IFRS S1 and IFRS S2. Since my intention was to learn from and with y'all, check out my summary of the S1 essentials (which will be followed by a structural overview of S1 next week). Looking forward to hearing about your thoughts on and experiences with IFRS S1 so far! #ESG #Sustainability #FinancialServices #Reporting #Disclosures X1F ADWEKO | PART OF X1F

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

What is the approach to materiality in the International Sustainability Standards Board (ISSB) Standards? The ISSB Standards require companies to disclose material information about the sustainability-related risks and opportunities that could reasonably be expected to affect its prospects. The definition of materiality is aligned with the IFRS Accounting Standards i.e., information is material if omitting, obscuring or misstating it could reasonably influence investor decisions. IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, provides guidance identifying relevant sustainability-related risks and opportunities and also the applicable disclosure requirements. #finance #accounting #financialstatements #internalaudit #externalaudit #charteredaccountants

What is IFRS S1? IFRS S1 is a new standard that requires companies to disclose information about sustainability-related risks and opportunities that could affect their financial performance. This information is important for investors and other stakeholders who want to understand how a company is managing its environmental and social impacts. Key points of IFRS S1: Companies must disclose information about all sustainability-related risks and opportunities that could reasonably affect their cash flows, access to finance, or cost of capital. Disclosures should be presented in a way that is relevant, reliable, comparable, timely, and understandable. Companies must disclose information on governance, strategy, risk management, and metrics and targets related to sustainability. The first disclosures under IFRS S1 are due for reporting periods beginning on or after January 1, 2024. Benefits of IFRS S1: Improves transparency and accountability on sustainability issues Helps investors make better informed decisions Encourages companies to better manage their sustainability risks and opportunities #IFRS #Sustainability #FinancialDisclosure #ESG

#IFRS_S1 #IFRS_S2 #CPD #Sustainability #Reporting Participated in the session by iota Consulting BD on IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2: IFRS S2 Climate-related Disclosures. The International Financial Reporting Standards (IFRS) Foundation has established the International Sustainability Standards Board (ISSB) to address the urgent need for a single set of globally accepted sustainability reporting standards that are integrated, consistent and comparable with financial reporting standards. IFRS S1 and IFRS S2 are the first two IFRS Sustainability Disclosure Standards developed by the ISSB. The main objective of IFRS S1 is to disclose all information about sustainability-related risks and opportunities and IFRS S2 sets out disclosure requirements for climate-related financial risks and opportunities which fully incorporate the recommendations of the TCFD that could reasonably be expected to affect a company’s prospects.

Watch now the EFRAG-ISSB Joint Event "Unlocking Synergy - Interoperability Guidance on IFRS Sustainability Disclosure Standards and ESRS"

We were pleased to see the International Accounting Standards Board (IASB) publish a series of proposed examples to illustrate disclosures in the financial statements about climate-related and other uncertainties. This is something ICGN has been calling for, including in our Investor Viewpoint 'Reflecting climate-related matters in financial statements', in which we "encourage standard-setters and regulators to continue providing guidance to companies and auditors in this journey, with illustrative examples": https://lnkd.in/dDtA5-56 These proposed examples are based on the application of existing requirements in IFRS Accounting Standards, in response to investor concerns that information about climate-related risks in the financial statements is sometimes insufficient or appears inconsistent with other information reported by companies. IASB notes that the illustrative examples have been produced in collaboration with International Sustainability Standards Board (ISSB) and its technical staff, to provide guidance on how the requirements in the Standards should be applied to provide investors with better information about climate-related risks and other uncertainties. Comments are invited from stakeholders, including investors, on the exposure draft until 28 November 2024: https://lnkd.in/ekajjHbw #governance #corpgov #stewardship #reporting #reliablereporting #sustainability #sustainabilityreporting #investors #assetowners #assetmanagers