In the response to the IASB Exposure Draft on 'Climate-related and Other Uncertainties in the Financial Statements', Accountancy Europe has encouraged the IASB to broaden the scope and content of the proposed illustrative examples. Accountancy Europe pointed that the illustrative examples for the IFRS Accounting Standards alone would not meet the objectives of the exposure draft. As such, Accountancy Europe suggest grouping the examples into a single document, considering additional educational materials or an IFRS Practice Statement, and creating a consolidated webpage for all climate-related materials. Accountancy Europe also recommend expanding the examples to cover more IFRS Accounting Standards, include cases where recognition and measurement could be impacted, consider broader sustainability matters beyond climate, and better illustrate the connection between financial and sustainability reporting.
More information is available in the comment letter from Accountancy Europe here.