The Accounting Standards Board (AcSB) is participating in the International Accounting Standards Board’s (IASB) project to explore whether and how financial statements can better communicate information about climate-related and other uncertainties.
The project aims to research causes of concern about the inconsistent application of IFRS® Accounting Standards to climate-related and other uncertainties, and about insufficient information being disclosed in the financial statements regarding such uncertainties. The Boards will also consider whether and what actions might be needed.
Refer to the IASB Climate-related and Other Uncertainties in the Financial Statements project page for more information.