Beyond the GAAP no.172 - December 2022
2023 is here! While there will probably still be a lot of news on the accounting front, there will certainly be even more on the European and international sustainability reporting front. Moreover, the European Commission is expected to adopt the delegated acts on cross-sector ESRS by 30 June 2023 at the latest.
On 21 December, the IASB officially closed Phase 1 of the Post-implementation Review of IFRS 9 - Classification and Measurement. While the IASB has concluded that IFRS 9 in general meets the objectives of improving the financial information provided on financial instruments, the Board has nevertheless announced some draft amendments, to be issued in the first quarter of 2023.
