Newsletter "Beyond the GAAP"
A Newsletter "Beyond the GAAP" é publicada mensalmente pela Mazars. O objectivo deste documento é manter o leitor informado sobre os desenvolvimentos na área da contabilidade.
Beyond the GAAP no.168 - July-August 2022
The comment period for EFRAG’s public consultation on its first set of 13 draft
European Sustainability Reporting Standards (ESRSs) closed on 8 August.
EFRAG’s Sustainability Reporting Board, supported by its Technical Expert
Group, now has to analyse the more than 750 responses received in order to
submit the final version of its draft standards to the European Commission by next November. The EC will then adopt the final standards in June 2023 by means of a Delegated Act. The timetable for implementation by entities will be finalised by the adoption of the CSRD, which is expected by the end of the year.
European Sustainability Reporting Standards (ESRSs) closed on 8 August.
EFRAG’s Sustainability Reporting Board, supported by its Technical Expert
Group, now has to analyse the more than 750 responses received in order to
submit the final version of its draft standards to the European Commission by next November. The EC will then adopt the final standards in June 2023 by means of a Delegated Act. The timetable for implementation by entities will be finalised by the adoption of the CSRD, which is expected by the end of the year.
Beyond the GAAP no.167 - June 2022
On 22 June, and after political negotiations, the European Council and Parliament reached a provisional agreement on a slightly revised version of the European Commission's initial proposal for a Corporate Sustainability Reporting Directive (CSRD), published in April 2021. In this issue, Beyond the GAAP presents the highlights of this provisional agreement so far, bearing in mind that the final text is due to be published in a few days’ or weeks’ time.
Beyond the GAAP no.166 - May 2022
As we approach the half-yearly closing of accounts, Beyond the GAAP presents a snapshot of the new standards and interpretations applicable from 1 January 2022 (both mandatory and optional). In addition to this overview, we bring you a summary of the ESMA recommendations published on 13 May. The European Securities and Markets Authority has identified the key issues to address in the interim financial statements in the context of Russia’s invasion of Ukraine. ESMA has also published specific recommendations on the forthcoming implementation of IFRS 17–Insurance Contracts.
Beyond the GAAP no.165 - April 2022
As reported in our previous issue, Turkey was recently added to the list of hyperinflationary economies. As a result, groups will need to apply IAS 29 to their Turkish operations for all financial periods that include 1 April 2022, notably the interim financial statements to 30 June. Beyond the GAAP provides a recap of this little-used standard, which can often prove complicated to apply.
Beyond the GAAP no.164 - March 2022
Com o início do conflito armado na Ucrânia iniciado há mais de um mês, as entidades devem avaliar, desde já, as consequências desta crise ao nível do impacto nas suas demonstrações financeiras, pese embora, o nível de exposição possa ser distinto para cada entidade. Apesar das autoridades reguladoras já terem partilhado as suas preocupações referentes às divulgações que devem ser efetuadas, há determinados assuntos que ainda devem ser clarificados. A newsletter deste mês aporta alguns esclarecimentos sobre a temática em questão.
Beyond the GAAP no.163 - February 2022
Embora a atualidade do mês de fevereiro tenha sido parca em termos regulamentares ao nível do reporting corporativo, a presente situação na Ucrânia é totalmente diferente e das mais dramáticas.
Beyond the GAAP no.161 - December 2021
We expect another busy year in terms of accounting news, with an obvious major development being the expected completion of the Primary Financial Statements project. However, the key focus of the year is likely to be the development of sustainability reporting standards.
Beyond the GAAP no.162 - January 2022
For many years, Beyond the GAAP has been presenting regulatory changes and the standard-setters’ ongoing projects in order to provide readers with a relevant and effective watch on accounting news. The adoption of IFRSs by the European Union in the early 2000s, and the constant evolution of these standards since then, have been the basis of our monthly newsletter over the course of our 161 previous issues.
Beyond the GAAP no.160 - November 2021
As 2021 approaches its close, we present our traditional year-end overview of the new standards and amendments applicable at 31 December.
Beyond the GAAP no.159 - October 2021
At the end of October, the European Securities and Markets Authority (ESMA) published its common priorities at European level for the 2021 reporting period.