Corporate Reporting Insights - February 2025

Australian financial reporting developments

• New requirements for the consolidated entity disclosure statement by Australian public companies
• Understanding the impact of Pillar Two taxes on 31 December 2024 financial statements

IFRS® Accounting Standards developments

• Lease restoration provisions: post-business combination accounting
• Why you should start preparing now for IFRS 18
• Changes on the horizon - Accounting for provisions
• IFRS® Accounting Standards at a Glance - 31 December 2024

Not-for-profit entities

Reminder to provide feedback on the AASB’s proposal to limit the ability of not-for-profit entities to prepare special purpose financial statements and to introduce simplified recognition, measurement and disclosures.

Sustainability

• Climate disclosure standards remain critical for long-term sustainability efforts
• 2025: The year of mandatory sustainability reporting - get ready
• Final timeline for assurance over your mandatory sustainability report
• AICD: Leveraging sustainability in your corporate strategy: A guide for boards and leaders
• Incorporating velocity in climate-related risk assessments: Enhancing business resilience and strategic planning
  
• Climate reporting excellence: Key learnings from New Zealand's Financial Markets Authority's review
• IFRS® Sustainability Disclosure Standards as at 31 December 2024
• European Sustainability Reporting Standards (ESRS) as at 31 December 2024
• Q4 2024 Sustainability Reporting Jurisdictional Update
• 31 December 2024 Sustainability Reporting Update