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IFRS ad­vi­sory IFRS S1 and IFRS S2 publis­hed

On 26 June 2023, the In­ter­na­tio­nal Sus­tai­na­bi­lity Stan­dards Board (ISSB) publis­hed the first two IFRS Sus­tai­na­bi­lity Dis­clo­sure Stan­dards IFRS S1 "Ge­ne­ral re­qui­re­ments for the dis­clo­sure of sus­tai­na­bi­lity-re­la­ted fi­nan­cial in­for­ma­tion" and IFRS S2 "Cli­mate-re­la­ted dis­clo­sures". The two stan­dards con­tain re­qui­re­ments for the dis­clo­sure of ma­te­rial in­for­ma­tion about an en­tity's si­gni­fi­cant sus­tai­na­bi­lity-re­la­ted risks and op­por­tu­nities and - in ad­di­tion to fi­nan­cial in­for­ma­tion - are in­ten­ded to enable glo­bally uni­form re­por­ting of these. ...read more

Contacts

  • Thomas Klemm, Wirtschaftsprüfer, Steuerberater, Ebner Stolz, Mendelssohnstraße 87, 60325 Frankfurt am Main
  • Burkhard Völkner, Wirtschaftsprüfer, Steuerberater bei Ebner Stolz in Bonn und Siegen
  • Sonja Kolb, Wirtschaftsprüferin und Partnerin bei Ebner Stolz in Stuttgart.
  • Markus Groß, Wirtschaftsprüfer, Diplom-Volkswirt, Ebner Stolz, Mendelssohnstraße 87, 60325 Frankfurt am Main
  • Torsten Janßen, Wirtschaftsprüfer und Steuerberater, Ebner Stolz Bonn und Siegen
  • Marcus Lauten, Wirtschaftsprüfer, Steuerberater, Ebner Stolz, Holzmarkt 1, 50676 Köln
  • Dirk Schützenmeister, Wirtschaftsprüfer, Steuerberater, Certified Public Accountant, Ebner Stolz, Ludwig-Erhard-Straße 1, 20459 Hamburg
  • Hans-Peter Möller, Wirtschaftsprüfer, Steuerberater, Ebner Stolz, Karl-Wiechert-Allee 1 d, 30625 Hannover
  • Uwe Harr, Wirtschaftsprüfer, Steuerberater bei Ebner Stolz in Bonn
Contacts

Contacts

IFRS advisory

IFRS are now recognized as legally valid standards in more than 140 countries worldwide. The EU has also accepted IFRS as an accounting standard and has required publicly traded companies to prepare their consolidated financial statements in accordance with IFRS. In short: for many companies, accounting in accordance with IFRS is simply a legal requirement; for others, it is necessary following an acquisition as part of an M&A transaction, the entry of an investor or an IPO. For all others, it is an opportunity to open up to new investors.

For com­pa­nies ope­ra­ting in­ter­na­tio­nally, ac­coun­ting on the ba­sis of glo­bally uni­form ac­coun­ting and re­por­ting re­gu­la­ti­ons can bring con­side­ra­ble ad­van­ta­ges.

At the same time, howe­ver, the com­ple­xity of the re­gu­la­ti­ons and their con­stant fur­ther de­ve­lop­ment pre­sent com­pa­nies with ma­jor chal­len­ges. It is not un­com­mon for the IASB's IFRS stan­dard set­ting to lead to dif­fi­cul­ties of in­ter­pre­ta­tion in com­pa­nies' fi­nan­cial and ac­coun­ting sys­tems and doubts as to how they should be im­ple­men­ted in prac­tice. In ad­di­tion, the change in ac­coun­ting stan­dards is not only a chal­lenge for com­pa­nies and their em­ployees - it also has far-re­aching ef­fects on in­ter­nal sys­tems and pro­ces­ses. Wi­thout ex­pert know­ledge, the cor­rect im­ple­men­ta­tion and ap­pli­ca­tion of IFRS is the­re­fore dif­fi­cult to handle.

With our ef­fi­ci­ent and prac­tice-ori­en­ted ap­proach, we pro­vide you with ex­pert ad­vice and work with you to de­ve­lop a tailor-made so­lu­tion for each is­sue.

Our services at a glance

  • Pre­pa­ra­tion and au­diting of IFRS fi­nan­cial state­ments
  • Sup­port in the chan­ge­over of ac­coun­ting stan­dards (con­ver­sion)
  • Sup­port in the im­ple­men­ta­tion of in­ter­na­tio­nal ac­coun­ting stan­dards
  • In-house trai­ning and work­shops on the fun­da­men­tals of in­ter­na­tio­nal ac­coun­ting and on com­pany-spe­ci­fic to­pics
  • Sup­port with com­plex ac­coun­ting to­pics from the IFRS area, e.g. Purchase Price All­lo­ca­tion (PPA); im­pair­ment tests; lea­sing tran­sac­tions; de­ri­va­ti­ves; de­fer­red ta­xes
  • Post Tran­sac­tion Ser­vices: Sup­port in the ad­apta­tion of pro­ces­ses

IFRS ad­vi­sory IASB publishes amendments to IAS 12 as a result of the OECD’s Pillar 2 model rules

IFRS ad­vi­sory IASB publishes amendments to IAS 12 as a result of the OECD’s Pillar 2 model rules

The IASB publis­hed amend­ments to IAS 12 "In­come Ta­xes" - "In­ter­na­tio­nal Tax Re­form - Pil­lar 2 Mo­del Ru­les" on 23 May, 2023. ...read more

IFRS ad­vi­sory ED/2023/2 on the classification and measurement of financial instruments (proposed amendments to IFRS 9 and IFRS 7)

IFRS ad­vi­sory ED/2023/2 on the classification and measurement of financial instruments (proposed amendments to IFRS 9 and IFRS 7)

IASB publis­hes ED/2023/2 on the clas­si­fi­ca­tion and mea­su­re­ment of fi­nan­cial in­stru­ments (pro­po­sed amend­ments to IFRS 9 and IFRS 7) ...read more

IFRS ad­vi­sory IASB publishes final amendments to IAS 7 and IFRS 7 on supplier financing arrangements

IFRS ad­vi­sory IASB publishes final amendments to IAS 7 and IFRS 7 on supplier financing arrangements

IASB publis­hes fi­nal amend­ments to IAS 7 and IFRS 7 on supplier fi­nan­cing ar­ran­ge­ments ...read more

ESMA publis­hes EU en­force­ment re­port with its fin­dings for 2022

ESMA (Eu­ro­pean Se­cu­ri­ties and Mar­kets Aut­ho­rity) publis­hed on March 29, 2023, a re­port on the en­force­ment ac­tivi­ties car­ried out wi­thin Eu­rope and the re­sults of the re­view of com­pli­ance with the ac­coun­ting and re­por­ting re­qui­re­ments ap­plica­ble in 2022 of the fi­nan­cial state­ments of com­pa­nies whose se­cu­ri­ties are ad­mit­ted to tra­ding on a re­gu­la­ted mar­ket in Eu­rope or are in the pro­cess of being ad­mit­ted. ...read more

Publications

no­vus IFRS 1st Edi­tion 2024

to the PDF download

Publications