This document relates to reporting requirements as at 30 June 2025.
The first section on topical issues includes items that entities might want to consider for this year end. The second part of the document includes the IFRS® Accounting Standards and IFRIC® Interpretations that are newly applicable for 30 June year ends.
Topical issues to consider for the June 2025 year-end include:
- Geopolitical Risks: Ongoing conflicts are reshaping global risks, affecting trade activities, financial disclosures, and operational exposure.
- Import Tariffs: New and increasing tariffs pose operational challenges with significant implications for financial reporting.
- EU Omnibus Package: Initiatives to simplify sustainability reporting in the EU aim to reduce reporting burdens and enhance efficiency.
- Climate Change: Consistent integration of climate-related risks in financial and non-financial reports is crucial.
- Hyper-inflationary Economies: Updated IMF data impacts inflationary evaluations and reporting in affected regions.
- Global Minimum Tax: The introduction of a global minimum tax rate through international tax reforms influences tax disclosures and implications.
- Impairment Reviews: Transparency in impairment disclosures is pivotal, especially amidst significant external risks.
- Offsetting in Financial Statements: Clarity in presentation of line items is emphasized, highlighting guidance on permissible offsetting.
- Stand-back Considerations: It is essential to ensure clarity, consistency, and thorough disclosure in financial reports.
- IFRIC Agenda Decision: Timely implementation of updates in segment reporting disclosures is required.
For full details and insights on these issues, download our publication.
For full details and insights on these issues, download our publication.