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IFRS® Accounting Standards

Climate-related and Other Uncertainties in the Financial Statements

Summary

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.

Staff Contact(s)

Shalini Gupta, CPA, CA Principal, Accounting Standards Board

Phone number  +1 647 956 6628
Email address  [email protected]
Alex Levine, CPA, CA Principal, Accounting Standards Board and Sustainability Reporting

Phone number  +1 604 449 2439
Email address  [email protected]

Project Status

  • Information gathering

    Based on the feedback received through its Third Agenda Consultation, the IASB added this project to its maintenance project pipeline in March 2022

  • Approving project

    The IASB decided to commence work on this project and moved the project to its work plan in March 2023

  • Engaging Communities

    The IASB issued its Exposure Draft, “Climate-related and Other Uncertainties in the Financial Statements,” in July 2024

    IASB Exposure Draft
  • Deliberating feedback
  • Final pronouncement

Roundtable – IASB Exposure Draft, “Climate-related and Other Uncertainties in the Financial Statements”

Join the AcSB for a roundtable (in English) on September 19, 2024, to learn about the IASB’s Exposure Draft, “Climate-related and Other Uncertainties in the Financial Statements,” and to share your feedback on the proposals. Register now to save your spot!

Register

News

September 19, 2024

International Activity, Document for Comment

Roundtable – IASB Exposure Draft, “Climate-related and Other Uncertainties in the Financial Statements”

Join us for a roundtable (in English) to learn more about the IASB’s Exposure Draft, “Climate-related and Other Uncertainties in the Financial Statements.” You will also have the opportunity to share your feedback directly with us to help shape our response to the IASB. Register now to save your spot!

Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.