IFRS Talks - PwC's Global IFRS podcast

In this episode of IFRS Talks, we explore how global tariffs and economic uncertainty can affect covenant compliance. We will explore the Amendments to IAS 1 on non-current liabilities with covenants and discuss how these changes affect financial reporting. Anu Pandya is joined by Olaf Pusch and Gerda Burger from our Global Corporate Reporting Services team, who will provide valuable insights for navigating these challenges.   Find out more at PwC’s IFRS Talks homepage.

In this discussion, Claire Howells, a corporate treasury expert at PwC UK, shares her insights on the recent IFRS 9 amendments impacting cash transfers. She highlights the changes in recognition and derecognition for electronic payments set for January 2026. The conversation navigates the complexities of cash accounting, including the challenges faced by multinationals and the necessity for robust compliance practices. Enhanced disclosures and proactive planning are emphasized as keys to maximizing benefits such as improved cash flow visibility.

In this engaging discussion, Katie Woods from PwC’s Global CRS Sustainability Reporting team shares insights into the dynamic world of sustainability reporting. She breaks down double materiality, emphasizing the crucial distinctions between impact and financial aspects. The conversation also highlights the integration of sustainability and financial reporting, urging for interconnectedness under evolving standards. Moreover, Katie introduces valuable resources and tools for navigating the complex landscape of sustainability disclosures, ensuring listeners stay ahead in compliance and relevance.

In their search for carbon neutral power, entities enter more frequently into contracts that reference nature-dependent electricity. In December 2024, the IASB amended IFRS 7 and IFRS 9 to help companies report better on these power purchase agreements. We are joined by Roger Sagmoen who is a member of PwC’s Global Corporate Services team and who has followed this IASB project from the beginning. Find out more at PwC’s IFRS Talks homepage and read our In-Brief here

In December 2024, PwC released its latest Global Investor Survey. We are joined by Eleanor Larner who shares with us some of the findings from this year’s survey. We explore what is top of mind for investors, what they are looking for in disclosures and what that means for companies as they prepare their 2024 reports. Find out more at PwC’s IFRS Talks homepage and read the Global Investor Survey.

When is an economy hyperinflationary? And can R&D expenditure relating to climate-commitments create an intangible asset?In this month’s episode, Laura Kennedy is joined by Karsten Ganssauge for an overview of the topics discussed at the December 2024 IFRS Interpretations Committee meeting.Find out more at PwC’s IFRS Talks homepage   https://viewpoint.pwc.com/dt/gx/en/pwc-ifrs-talks/PwC-IFRS-talks/Listen-to-the-latest-episode.html

In our October episode, Laura Kennedy is joined by Olaf Pusch to talk about the new accounting standard - IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’. The new standard will lower the costs of financial reporting by reducing disclosure requirements for eligible subsidiary financial statements.

Karsten Ganssauge, an expert in IFRS Interpretations, shares insights from the September 2024 IFRS Interpretations Committee meeting. The discussion covers the complexities of accounting for guarantees and tuition fee revenue recognition. Ganssauge highlights pollutant pricing mechanisms and their relevance in sustainability reporting. He also addresses the post-implementation review of IFRS 16 leases, noting areas for improvement. Lastly, he touches on the transition from IAS 1 to IFRS 18, emphasizing practical implications for past decisions.

In this month's episode Laura is joined by Eleanor Larner and Katie DeKeizer to hear about PwC's Global CSRD Survey 2024, key sustainability reporting implementation challenges and new application guidance.

In this month’s episode, Laura Kennedy is joined by Karsten Ganssauge for an overview of the June 2024 IFRS Interpretations Committee meeting.