ACRA Issues Practice Direction On External Private Capital Arrangements In Accounting Entities
This Practice Direction sets out the key considerations and regulatory expectations for accounting entities that are considering, implementing, or operating under external private capital arrangements that may affect their ownership, governance or control structures.
IESBA And IAASB Complete Analysis On Linkages Between ISQM 1 And FCG Viewpoints
The analysis paper clarifies how ISQM 1 aligns with IESBA’s Firm Culture and Governance (FCG) viewpoints. It highlights their complementary roles in promoting quality management and ethical culture within firms, while emphasising their distinct purposes, scope, and level of authority. It also underscores that ISQM 1 is an enforceable standard, whereas the FCG viewpoints remain as high-level, principles-based guidance.
IESBA Launches Surveys For Post-Implementation Reviews Of NOCLAR Standard And The Restructured Code
The surveys aim to assess whether the NOCLAR provisions and the Restructured Code are achieving their intended objectives by identifying benefits and implementation challenges, and to inform any actions IESBA may need to take in response.
ASC Issues Amendments To SFRS(I) 1-21 And Amendments To FRS 21
The amendments provide clearer guidance to address practical application issues and aim to enhance consistency and comparability in financial reporting for entities operating in hyperinflationary environments.
Webcast Highlights Overview Of Forthcoming IFRS 20 On Regulatory Assets And Liabilities
The webcast provides an overview of IFRS 20 Regulatory Assets and Regulatory Liabilities, which aims to address gaps in financial reporting for entities subject to certain types of rate regulation. The Standard will require companies to disclose information on regulatory assets, liabilities, income and expenses to help investors better understand the effects of regulation on financial performance.
March 2026 IFRS For SMEs Accounting Standard Update Available
This edition of the Update includes an overview of Section 9 Consolidated and Separate Financial Statements and resources published to support implementation of the Standard.
IFRS Foundation Releases Q1 2026 Educational Resources For IFRS For SMEs Accounting Standard
This latest release comprises two modules covering intangible assets and share-based payments; three webcasts providing key updates, including revised Section 19 Business Combinations and Goodwill, as well as Section 23 revenue recognition requirements, application guidance, and transition considerations; and a podcast Episode 4, designed to help stakeholders effectively learn, apply, and implement the Standard.
March 2026 IASB Update And March 2026 IFRIC Update Available
The IASB Update highlights preliminary decisions of IASB on several topics, including:
The IFRIC Update is a summary of the decisions by IFRIC on a tentative agenda decision on Reassessment of Control (IFRS 10) and agenda decisions on:
New Webcast And Module For IFRS For SMEs Accounting Standard
The webcast provides key updates on Section 9 Consolidated and Separate Financial Statements and Section 15 Joint Arrangements, while the new Module 33 focuses on Related Party Disclosures.
Q1 2026 IFRIC Podcast Discusses IFRS 18 Agenda Decisions
This podcast, hosted by Committee Chair Bruce Mackenzie and member Renata Bandeira, shares discussions on agenda decisions on Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset) and Presentation of Taxes or Other Charges that are Not Income Taxes within the Scope of IAS 12.
March 2026 Accounting Standards Advisory Forum (ASAF) Agenda And Meeting Papers Available
At the ASAFmeeting on 30 and 31 March 2026, the topics discussed include IASB’s proposals in ED Risk Mitigation Accounting, feedback from further work undertaken by IASB on its proposal relating to gains and losses from transactions with associates and joint ventures (Equity Method project), European Financial Reporting Advisory Group (EFRAG)’s Discussion Paper on connectivity between financial reporting and sustainability reporting, and Post-Implementation Reviews of IFRS 9 and IFRS 16.
ISCA seeks comments on GHG Protocol’s RFI AMI Phase 1 White Paper.
The White Paper aims to set out ideas, principles and options for companies to account for the real-world impacts of their climate actions, especially those that sit outside existing (physical) Scopes 1, 2, and 3 emissions inventories. The most significant development proposed in the AMI White Paper is to move to a multi-statement reporting structure. Stakeholder feedback on RIF will help shape the next stage of development, with a full draft Standard for public consultation expected in 2027.
ISCA requires all comments to be submitted to Professional Standards by 13 May 2026.
Webcast Highlights IFRS S2 Requirements On Climate Resilience And Scenario Analysis
A new webcast explains the disclosure requirements under IFRS S2 on assessing and reporting an entity’s climate resilience. ISSB’s Veronika Pountcheva and Tim Kasim outline how climate-related scenario analysis supports these assessments and how organisations can apply proportionate approaches suited to their circumstances.
Episode 13 Of “Perspectives On Sustainability Disclosure” Webinar Series
Episode 13 explores how integrated reporters are beginning to implement ISSB Standards using principles from the Integrated Reporting Framework. The session will provide an overview of how the Integrated Reporting Framework, Integrated Thinking and ISSB Standards can work together.
ISSB Seeks Feedback On Proposed Amendments To Three SASB Standards
ISSB has published an ED proposing amendments to three remaining priority SASB Standards, covering Agricultural Products, Meat, Poultry & Dairy, and Electric Utilities & Power Generators. The proposals in this ED are consistent with those in the July 2025 ED, which covered the first nine of the 12 prioritised SASB Standards.
March 2026 ISSB Update And Podcast Available
In this Update and Podcast, ISSB Chair Emmanuel Faber and ISSB Vice-Chair Sue Lloyd share on topics discussed at the ISSB meeting in March 2026, which included the consultation on proposed amendments to three SASB Standards, the new webcast on climate resilience and climate-related scenario analysis requirements in IFRS S2, and the first meeting of the Sustainability Standards Advisory Forum for the 2026–2028 term.
ISCA Guides On Accounting And Auditing Considerations From The Middle East Conflict
The recent escalation of the tensions in the Middle East has heightened geopolitical uncertainty and raised concerns over potential disruptions to global trade, energy markets and supply chains. Such developments may have wide-ranging economic consequences and could affect the operating environment of businesses across multiple sectors.
In this context, entities may face volatility, operational disruptions and evolving regulatory considerations that could have implications for financial reporting and audit processes. Accountants and auditors should remain vigilant to the potential impacts on financial statements and related disclosures.
To support professionals in navigating these developments, ISCA has collated a set of key accounting and auditing considerations that entities may need to assess, in light of the evolving situation.
