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IFRS Talks - PwC's Global IFRS podcast
March 2024: IFRIC Update
Mar 14, 2024
Exploring climate-related commitments, IFRS 3, and IFRS 9 post-implementation review. Discussion on provisions for greenhouse gas emissions, net zero transformation commitments, and contingent payments in acquired businesses. Review of accounting scenarios and challenges in implementing IFRS 9 rules
20:35
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- IFRIC Committee discusses climate-related commitments and greenhouse gas emissions provisions in IFRS accounting standards.
- IFRIC Committee reviews payments contingent on post-acquisition employment, opting not to initiate standard-setting project based on feedback.
Deep dives
Climate-related Commitments Discussion
The podcast episode delves into a detailed discussion on climate-related commitments during the March meeting of the IFRS Interpretations Committee. Stakeholders' heightened interest in accounting for these commitments has sparked debates on the appropriate accounting standards. Clarifying the role of the committee in interpreting current IFRS accounting standards, the discussion highlighted the criteria for recognizing provisions in relation to greenhouse gas emissions offset commitments.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode