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Standards and interpretations in issue at 31 March 2026
IFRS standards and interpretations issued by the IASB and the IFRS Interpretations Committee as at 31 March 2026, covering upcoming changes in standards and interpretations and updates on selected active projects.
Access the link here.
Accounting considerations for geopolitical events and uncertainty
Geopolitical events drive economic uncertainty that impacts entities globally. Entities may be impacted by fluctuations in commodity prices, high interest and inflation rates, restrictions on imports and exports, supply chain disruptions and possible slowdowns in global economies.
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ISSB issues targeted amendments to IFRS S2
On 11 December 2025, the ISSB issued targeted amendments to IFRS S2 in relation to Greenhouse Gas (GHG) emissions disclosure requirements. These Amendments were issued in response to challenges faced by stakeholders when implementing IFRS S2 and aim to support its application by reducing complexity and the cost of applying specific GHG emissions disclosure requirements in IFRS S2.
To learn more about the amendments, refer to the link here.
ISSB Climate-related disclosure checklist
This ISSB Climate-related disclosure checklist is based on the ISSB Standards and includes Amendments to IFRS S2 issued in December 2025. This checklist is intended to provide a summary of required climate-related disclosures set out in the IFRS Sustainability Disclosure Standards (ISSB Standards) and related guidance
Access the link here.
Translation to a Hyperinflationary Presentation Currency
The amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates require translation from a non-hyperinflationary functional currency into a hyperinflationary presentation currency at the closing rate. The amendments are intended to improve the usefulness of the resulting information in a cost-effective manner.
For further insights, refer to the link here.
IASB issues Disclosures about Uncertainties in Financial Statements
These illustrative examples show how entities can apply IFRS accounting standards when reporting uncertainties in financial statements. The amendments do not add to or change existing requirements and, therefore, do not have an effective date or transition requirements. Entities should consider the guidance provided in the examples and apply them to their own circumstances.
Access the publication here.