In a significant move to enhance corporate reporting, the IFRS Foundation released near-final illustrative examples in August 2025 to help companies better disclose uncertainties in their financial statements, with a special focus on climate-related risks. These examples serve as practical illustrations for companies to apply IFRS Accounting Standards when reporting uncertainties, improving the transparency and reliability of financial statements. Although the examples primarily address climate-related scenarios, their guidance is broadly applicable across various types of uncertainties faced by organizations. This initiative was developed in response to feedback from stakeholders pointing to inadequate and inconsistent information about uncertainties in existing disclosures. To ensure coherence, the International Accounting Standards Board (IASB) collaborated closely with the International Sustainability Standards Board (ISSB) in developing these examples, ensuring alignment with sustainability-related disclosure standards. Andreas Barckow, Chair of the IASB, emphasized that this early publication allows companies to gain timely visibility into the standards and prepare for implementation effectively. The IASB aims to finalize these examples in October 2025, marking an important step toward enhancing the quality of information available to investors and other users of financial reports.
Further details and the full documents are available here: Read more about IFRS near-final examples on uncertainties.
