The IFRS Foundation has published a set of near-final examples to help companies accurately report financial uncertainties, using climate-related situations for practical reference.
These examples are designed to assist companies in applying existing IFRS Accounting Standards to their financial statements.
Go deeper with GlobalData
The publication of these examples is a response to stakeholder concerns regarding the lack of detailed information about uncertainties.
The development of the examples was a collaborative effort between the International Accounting Standards Board (IASB) and the International Sustainability Standards Board.
The IASB plans to issue the finalised set of examples by October 2025.
The examples demonstrate the practical application of IAS 1, IFRS 18, IAS 36, IAS 37, IFRS 7 and other standards.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThey address materiality judgments in climate-related transition plans and disclosure of impairment assumptions including emission allowance costs.
The themes also cover credit risk reporting for sectors vulnerable to climate impacts and disaggregation of property, plant and equipment based on climate exposure.
Additionally, they address decommissioning provisions amid uncertainties from long-term climate policies.
IASB chair Andreas Barckow said: “By publishing the examples in near-final form, we are providing companies with earlier visibility of our work.”
Recently, the IFRS Foundation enhanced its IFRS Taxonomy Consultative Group with six new members and two returning members, with their terms starting on 1 August 2025.
