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Sustainability performance as a value driver
At the COP26 Climate Change Summit in Glasgow, the IFRS Foundation Trustees announced the formation of the International Sustainability Standards Board (ISSB) to develop a comprehensive global baseline of sustainability disclosures for the financial markets. The ISSB will work together with the IASB to ensure compatibility between the IFRS accounting Standards and the ISSB’s Sustainability Disclosure Standards. Another step…
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EARLY ADOPTION IFRS 15 & 16
Implementation of the new standards on revenue recognition (IFRS 15) and leases (IFRS 16) at a multinational, who wanted to early adopt both standards. Being the first adopter in Belgium led to an interesting and challenging project. Client The client is a manufacturing company in the chemical industry. The client recently acquired another chemical company…