The New IFRS S1 re General Sustainability-related Disclosures
Overview
Get on the front-foot for ESG reporting requirements
The International Sustainability Standards Board (ISSB) is rapidly moving towards finalising IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.
By providing a baseline for sustainability and climate-related disclosures, these Standards represent a first step towards a mandatory disclosure framework for environmental, social and governance (ESG) reporting.
In this session we will focus on the expected features of IFRS S1, including:
- Mandatory implementation date, globally and in Australia
- Objective and scope of IFRS S1
- Disclosure requirements applicable to governance, strategy, risk management, and metrics and targets
- General features and definitions of IFRS S1
- Determining materiality
- Disclosing sources of estimation and outcome uncertainty, and
- Qualitative characteristics of useful sustainability-related financial information.
Learning Outcomes:
Attendees will:
- gain an understanding of the objectives and scope if IFRS S1
- be able to identify the key disclosure implications of IFRS S1, and
- appreciate some of the similarities between IFRS S1 and the corresponding IFRS, including IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
Suited to:
Auditors, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports
This On Demand includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter’s PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
Course syllabus
3 lessons
- Video – The New IFRS S1 re General Sustainability-related DisclosuresVideo
- FeedbackSurvey
- Knowledge TestTest
Your presenter
Dean ArdernBDO Australia
, Director, IFRS & Corporate Reporting
Dean has been advising on IFRS and other financial reporting matters for over 15 years. Having worked with a range of clients in both the for-profit and not-for-profit sectors, Dean understands the challenges preparers face.
Dean’s primary role is to identify practical and compliant reporting solutions for clients and assurance staff. To achieve this, Dean works at building constructive relationships with clients with the view to providing responsive, accurate and outcome-focused technical advice and guidance.
Aletta Boshoff, Partner, National Leader, ESG & Sustainability
Aletta is an IFRS advisory specialist with over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent a number of years as a Project Manager at the Australian Accounting Standards Board (AASB).
Aletta’s involvement in sustainability and Environmental, Social and Governance (ESG) reporting is a consequence of her focus on an organisation’s ability to create and sustain long-term value in a rapidly changing world, and managing the risks and opportunities associated with these changes. Aletta also puts a heavy emphasis on risk management, because monitoring and mitigating risks across all three dimensions (i.e. environmental, social and governance) is an important priority for any company that is serious about sustainability and ESG.