novus IFRS 1st Edition 2022

In this edi­tion of no­vus IFRS, we pre­sent the tech­ni­cal gui­dance publis­hed by the IDW on the im­pact of the war in Ukraine on ac­coun­ting and au­diting as well as busi­ness va­lua­tion.

IN FO­CUS

• IDW publis­hes gui­dance on the im­pact of the war in Ukraine on ac­coun­ting and au­diting as well as busi­ness va­lua­tion 

IASB AND IFRS IC PU­BLI­CA­TI­ONS

IASB

• IASB is­sues first set of for­mal cor­rec­ti­ons 2022

IFRS FOUN­DA­TION

• IFRS Foun­da­tion publis­hes new IFRS Ta­xo­nomy 2022

ISSB

• Over­view of the newly es­ta­blis­hed ISSB
• ISSB publis­hes ex­po­sure drafts of glo­bal sus­tai­na­bi­lity stan­dards
• Draft stan­dard on cli­mate-re­la­ted dis­clo­su­res publis­hed by ISSB 

EU EN­DOR­SE­MENT

• IFRS ta­xo­nomy ad­op­ted in Eu­ro­pean law in 2021
• EU for­mally ad­opts amend­ments to IAS 1 Pre­sen­ta­tion of Fi­nan­cial State­ments and IFRS Prac­tice State­ment 2: Dis­clo­sure of Ac­coun­ting Po­li­cies
• EU en­dor­se­ment of amend­ments to IAS 8 – Ac­coun­ting Po­li­cies, Chan­ges in Ac­coun­ting Esti­ma­tes and Er­rors has been is­sued

IFRS IN­TER­PRE­TA­TI­ONS COM­MIT­TEE

• Agenda de­ci­si­ons of the IFRS In­ter­pre­ta­ti­ons Com­mit­tee

MORE STAN­DARD SET­TERS

AC­COUN­TING STAN­DARDS COM­MIT­TEE OF GER­MANY (ASCG)

• Amen­ded GAS 12: Amend­ments to GAS 20 Group Ma­nage­ment Re­port

GO­VERN­MENT COM­MIS­SION ON THE GER­MAN COR­PO­RAT GO­VER­NANCE CODE

• Code re­form pro­po­sals 2022 – Sus­tai­na­bi­lity in the GCGC

EU­RO­PEAN COM­MIS­SION

• Fur­ther ques­ti­ons and an­swers on the Ta­xo­nomy Re­gu­la­tion publis­hed

EU EN­DOR­SE­MENT

• EU En­dor­se­ment Sta­tus Re­port 

EN­FORCE­MENT AUT­HO­RI­TIES

ESMA

• ESMA publis­hes fur­ther ques­ti­ons and an­swers on the gui­de­lines on al­ter­na­tive per­for­mance mea­su­res 

BA­FIN AND FREP

• An­noun­ce­ment of ba­lance sheet con­trol pro­ce­du­res 
• Er­ror fin­dings by the FREP or Ba­Fin

 NEW LE­GIS­LA­TION

• New law pro­vi­des for vir­tual share­hol­ders’ mee­tings