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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 illustrative examples in Amendments to Illustrative Examples on IFRS 7, IFRS 18, IAS 1, IAS 8, IAS 36 and IAS 37 - Disclosures about Uncertainties in the Financial Statements use climate-related scenarios related to impairment testing, credit risk, decommissioning and site restoration provisions, addressing topics such as materiality judgements, significant judgements and estimates, and aggregation and disaggregation. A near-final staff draft of the illustrative examples was published in July 2025. The examples issued today differ from the near-final draft only in minor editorial details.
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.