The International Financial Reporting Standards Foundation has published near-final examples illustrating how companies can improve disclosure of uncertainties in their financial statements by applying IFRS Accounting Standards, using climate-related fact patterns as practical illustrations to support timely and informed application. Although the examples use climate-related scenarios, they are intended to apply broadly to uncertainties of all types. The International Accounting Standards Board developed the materials in response to stakeholder feedback highlighting insufficient information about uncertainties, particularly climate-related uncertainties, and apparent inconsistencies in the information companies provide. Work was coordinated with the International Sustainability Standards Board to ensure the examples work well with the ISSB’s sustainability-related disclosure requirements. The final examples are expected in October 2025.
International Financial Reporting Standards Foundation 2025-07-24
International Financial Reporting Standards Foundation publishes near-final climate-related examples to strengthen uncertainty disclosures in financial statements
The International Financial Reporting Standards Foundation released near-final examples to enhance disclosure of uncertainties in financial statements under IFRS Accounting Standards, using climate-related scenarios. Developed by the International Accounting Standards Board, these examples address stakeholder concerns about insufficient and inconsistent information. Coordination with the International Sustainability Standards Board ensures alignment with sustainability-related disclosure requirements.