The International Accounting Standards Board (IASB) has decided to proceed with seven illustrative examples intended to improve how uncertainties are reported in financial statements. The examples use climate-related scenarios to illustrate principles that the IASB says apply broadly to all types of uncertainties. Developed in response to stakeholder feedback, the examples are designed to address concerns about inconsistencies between information disclosed in the financial statements and in other reports, and to demonstrate how IFRS Accounting Standards apply when reporting uncertainties. A near-final draft is planned for early in the third quarter of 2025, with the final document expected in October 2025.
International Financial Reporting Standards Foundation 2025-06-16
International Financial Reporting Standards Foundation’s IASB proceeds with seven illustrative examples on reporting uncertainties in financial statements
The International Accounting Standards Board (IASB) will proceed with seven illustrative examples to enhance reporting of uncertainties in financial statements, using climate-related scenarios. These examples aim to address inconsistencies between financial statements and other reports, demonstrating the application of IFRS Accounting Standards. A near-final draft is anticipated in early Q3 2025, with the final document expected in October 2025.