On September 20, 2024, EFRAG issued a Draft Comment Letter (DCL) on the IASB’s Exposure Draft (ED) IASB/ED/2024/6, focusing on proposed illustrative examples for climate-related and other uncertainties in financial statements.
EFRAG considers the examples helpful in applying IFRS Accounting Standards but suggests that further examples and standard setting may be needed to meet stakeholder expectations.
EFRAG also emphasizes the importance of connecting financial and sustainability reporting and suggests updating the Conceptual Framework to enhance this connectivity.
Comments on the DCL can be submitted by November 15, 2024.
For more information: [here]