IASB Exposure Draft Climate-related and Other Uncertainties in the Financial Statements - Proposed Illustrative Examples

The UKEB welcomes the IASB’s publication of its Exposure Draft (ED) Climate-related and Other Uncertainties in the Financial Statements clarifying how companies report such matters in their financial statements by means of proposed illustrative examples. The UKEB will be seeking stakeholder feedback in due course. For further information, see the UKEB project page.

The ED contains eight illustrative examples which demonstrate how an entity could apply the requirements in IFRS Accounting Standards to these areas in its financial statements. The IASB has sought to reinforce compatibility with IFRS Sustainability Disclosure Standards when developing the examples. The IASB will consider all comments received in writing by 28 November 2024.