IFRS Talks - PwC's Global IFRS podcast

Sustainability reporting is a vast and evolving area. PwC’s Sustainability Reporting Guide (SRG) serves as a compendium of the reporting requirements under the sustainability frameworks expected to have the broadest impact globally, including ESRS, IFRS® Sustainability Disclosure Standards, and the SEC Climate disclosure rules. We are joined by Katie Woods, from PwC’s Global CRS Sustainability Reporting team and one of the authors of the SRG. Find out more at: https://viewpoint.pwc.com/dt/gx/en/pwc-ifrs-talks/PwC-IFRS-talks/Listen-to-the-latest-episode.html

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.

Karsten Ganssauge, a PwC partner and member of the IFRS Interpretations Committee, sheds light on recent developments in international financial reporting standards. He delves into the complexities of defining hyperinflationary economies and the criteria for evaluating intangible assets related to climate commitments. The discussion also highlights ongoing projects focused on improving the application of IFRS 9 and the treatment of R&D expenditures in the context of carbon credits, emphasizing the need for consistent standards across industries.

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.

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

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.

Karsten Ganssauge, an expert in IFRS Interpretations, joins Laura Kennedy to discuss the highlights from the June 2024 IFRS Interpretations Committee meeting. They dive into the complexities of reportable segments and cash flow statements under IAS 7. The conversation covers the challenges of disaggregating material items and the ongoing debates about classification in cash flows from derivatives. Additionally, they explore significant ISB projects related to intangible assets and business combinations, emphasizing the need for clearer disclosure standards.

Nick Barlow from the IASB's technical team joins to discuss the game-changing IFRS 18, set to replace IAS 1 in 2027. He highlights the need for clearer financial performance reporting, introducing new subtotals in profit statements to enhance stakeholder understanding. Barlow delves into the updated disclosure requirements for management performance measures, emphasizing their relevance for companies and auditors. The conversation also covers the challenges of implementation and the necessity for early preparation, ensuring a smooth transition to the new standards.

Craig Smith from the IASB technical staff joins to discuss improving reporting about acquisitions. Topics include complexities of Goodwill accounting, criteria for identifying strategic business combinations, balancing preparer concerns with investor needs, and exploring proposals in exposure draft.