This publication presents PwC's illustrative consolidated financial statements for a fictitious listed company, containing illustrative disclosures for as many common scenarios as possible. The accounts comply with IFRS as issued at 30 June 2022 and that apply to financial years commencing on or after 1 January 2022.
There were no changes to the financial reporting requirements this year that affected the disclosures in our example financial statements. However, investors and regulators are increasingly looking for evidence that the entity has incorporated ESG matters and in particular climate-related risk factors when making estimates and judgements in the preparation of the financial statements. To help preparers and auditors identify where additional disclosures may be required, we have included a new Appendix which discusses how climate change could affect certain measurements and therefore the related disclosures in the financial statements.
We have also made a few other improvements and included guidance on how to deal with changes in accounting policies following IFRS IC agenda decisions. Please see the 'Introduction' (PDF pages 2-4) for more information.